RXO (NYSE:RXO) Price Target Raised to $18.00 at Citigroup

RXO (NYSE:RXO) had its price target raised by analysts at Citigroup from $15.00 to $18.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 12.16% from the stock’s current price.

A number of other brokerages have also weighed in on RXO. UBS Group reiterated a “neutral” rating on shares of RXO in a research note on Sunday. Stifel Nicolaus set a $15.00 target price on shares of RXO in a research report on Thursday. Benchmark reiterated a “hold” rating on shares of RXO in a research report on Monday. Morgan Stanley raised shares of RXO from an “equal weight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research note on Tuesday, November 11th. Finally, Truist Financial boosted their target price on shares of RXO from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, RXO currently has a consensus rating of “Hold” and an average price target of $16.43.

RXO Trading Down 5.0%

NYSE RXO traded down $0.85 during trading on Monday, hitting $16.05. 835,334 shares of the company’s stock traded hands, compared to its average volume of 2,100,408. The firm has a market cap of $2.63 billion, a P/E ratio of -27.70, a PEG ratio of 10.22 and a beta of 1.73. RXO has a 12-month low of $10.43 and a 12-month high of $22.17. The stock has a fifty day moving average of $14.42 and a two-hundred day moving average of $15.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.32.

RXO (NYSE:RXO) last posted its earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. RXO’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. As a group, sell-side analysts expect that RXO will post 0.31 EPS for the current year.

Insider Activity

In related news, Director Troy A. Cooper acquired 8,317 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average price of $10.61 per share, with a total value of $88,243.37. Following the completion of the transaction, the director owned 275,416 shares of the company’s stock, valued at $2,922,163.76. The trade was a 3.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.48% of the company’s stock.

Institutional Trading of RXO

Institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new position in shares of RXO in the 1st quarter valued at about $30,000. AlphaQuest LLC bought a new position in RXO in the 2nd quarter valued at $29,000. Flagship Harbor Advisors LLC bought a new position in shares of RXO in the fourth quarter worth about $25,000. Quarry LP acquired a new stake in shares of RXO during the 3rd quarter worth approximately $33,000. Finally, Larson Financial Group LLC increased its stake in RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after purchasing an additional 1,644 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

About RXO

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.