RXO (NYSE:RXO) Coverage Initiated by Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of RXO (NYSE:RXO) in a report published on Wednesday, Marketbeat.com reports. The firm issued a market perform rating on the stock.

RXO has been the subject of several other reports. Zacks Research raised RXO from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Stephens upgraded shares of RXO to a “hold” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $18.00 price target on shares of RXO in a research note on Friday, May 8th. UBS Group raised their price objective on shares of RXO from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. Finally, Wells Fargo & Company lifted their price objective on shares of RXO from $15.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.43.

RXO Stock Down 3.0%

RXO opened at $27.20 on Wednesday. RXO has a one year low of $10.43 and a one year high of $29.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $4.49 billion, a P/E ratio of -44.59 and a beta of 2.03. The business’s 50-day simple moving average is $25.42 and its 200-day simple moving average is $18.88.

RXO (NYSE:RXO) last announced its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. Analysts anticipate that RXO will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RXO. City Holding Co. lifted its holdings in shares of RXO by 227.6% in the second quarter. City Holding Co. now owns 1,245 shares of the company’s stock valued at $34,000 after purchasing an additional 865 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in RXO in the 1st quarter valued at approximately $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in RXO during the 1st quarter valued at $29,000. Flagship Harbor Advisors LLC acquired a new stake in RXO during the 4th quarter valued at $25,000. Finally, Quarry LP purchased a new position in RXO during the third quarter worth $33,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Key Headlines Impacting RXO

Here are the key news stories impacting RXO this week:

• Positive Sentiment: BMO Capital Markets initiated coverage on RXO with an outperform rating and a $35 price target, implying meaningful upside from recent levels and signaling confidence in the company’s ability to benefit from tightening truckload market conditions. BMO Capital Starts RXO at Outperform
• Positive Sentiment: Truist Financial raised its price target on RXO from $26 to $30 and maintained a buy rating, reinforcing the view that the stock still has room to run. Truist Raises RXO Price Target
• Positive Sentiment: RXO announced a partnership with Highway to enhance freight security and streamline carrier onboarding, which could improve network integrity and operational efficiency while addressing freight fraud and cargo theft concerns. RXO Partners with Highway
• Neutral Sentiment: Citizens JMP initiated coverage with a market perform rating, suggesting a more cautious stance that may temper some of the bullish enthusiasm. Citizens JMP Initiates Coverage on RXO
• Neutral Sentiment: Susquehanna also raised its target on RXO to $20 but kept a negative rating, reflecting a less optimistic view even as valuation assumptions improved. Susquehanna Raises RXO Price Target

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.