RXO (NYSE:RXO) Price Target Lowered to $23.00 at Citigroup

RXO (NYSE:RXO) had its price objective reduced by Citigroup from $30.00 to $23.00 in a research report report published on Friday morning, MarketBeat reports. They currently have a neutral rating on the stock.

A number of other research analysts have also recently commented on the stock. Stephens raised shares of RXO to a “hold” rating in a research report on Wednesday, July 8th. Stifel Nicolaus set a $31.00 price objective on shares of RXO in a research report on Friday. Weiss Ratings upgraded RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Truist Financial dropped their target price on RXO from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday. Finally, UBS Group dropped their price target on shares of RXO from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, RXO has an average rating of “Hold” and a consensus price target of $23.85.

RXO Trading Up 7.7%

NYSE:RXO opened at $21.79 on Friday. The business’s 50-day moving average is $26.10 and its two-hundred day moving average is $20.09. The firm has a market capitalization of $3.59 billion, a PE ratio of -35.72 and a beta of 2.10. RXO has a 12 month low of $10.43 and a 12 month high of $29.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.27 and a quick ratio of 1.27.

RXO (NYSE:RXO) last posted its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. Research analysts predict that RXO will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of RXO

Several hedge funds have recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in shares of RXO in the fourth quarter valued at approximately $25,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of RXO during the first quarter worth approximately $29,000. Geneos Wealth Management Inc. bought a new position in RXO in the 1st quarter worth approximately $30,000. Quarry LP bought a new position in RXO in the 3rd quarter worth approximately $33,000. Finally, City Holding Co. lifted its position in RXO by 227.6% in the second quarter. City Holding Co. now owns 1,245 shares of the company’s stock worth $34,000 after purchasing an additional 865 shares during the period. 92.73% of the stock is currently owned by institutional investors.

RXO News Summary

Here are the key news stories impacting RXO this week:

• Positive Sentiment: RXO highlighted market-share gains and profitable volume growth, including a 2% increase in truckload brokerage volume and a record sequential improvement in gross profit per load. Market Share Gains and Improved Profitability Drive Strong Second-Quarter Results for RXO
• Positive Sentiment: The earnings and revenue beats, along with stronger-than-expected operating metrics, helped drive investor enthusiasm and a positive premarket reaction. RXO Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Citizens JMP upgraded RXO from “market perform” to “outperform” and set a $30 price target, while Truist maintained a “buy” rating with a $28 target, both implying meaningful potential upside. Analyst Ratings
• Neutral Sentiment: Citi lowered its price target from $30 to $23 and shifted to a “neutral” rating, reflecting more cautious expectations despite the quarterly beat. Citi Analyst Action
• Negative Sentiment: Some analysis argues that RXO’s strong revenue growth was driven largely by higher freight rates and fuel prices, while gross profit declined and adjusted EBITDA remained flat. Rising working-capital requirements and leverage also raise concerns about the quality and durability of the recovery. RXO Still Unable To Capture Upcycle Economics

RXO Company Profile

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.