RXO (NYSE:RXO) Stock Price Expected to Rise, UBS Group Analyst Says

RXO (NYSE:RXO) had its target price lifted by analysts at UBS Group from $23.00 to $30.25 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group‘s price target would suggest a potential upside of 6.57% from the company’s current price.

A number of other analysts have also recently weighed in on RXO. Stifel Nicolaus set a $31.00 target price on shares of RXO in a research note on Friday, August 7th. Susquehanna increased their price target on RXO from $19.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of RXO in a research report on Tuesday, September 1st. Stephens raised RXO to a “hold” rating in a research note on Wednesday, July 8th. Finally, William Blair set a $30.00 price objective on RXO in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, RXO currently has an average rating of “Hold” and an average target price of $27.32.

RXO Price Performance

Shares of NYSE RXO traded up $0.14 during mid-day trading on Wednesday, reaching $28.39. The company had a trading volume of 3,506,026 shares, compared to its average volume of 2,448,983. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of -55.66 and a beta of 1.96. The business’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $21.15. RXO has a one year low of $10.43 and a one year high of $29.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.28 and a current ratio of 1.28.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. RXO had a negative net margin of 1.35% and a negative return on equity of 0.07%. RXO’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. On average, research analysts predict that RXO will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of RXO

Several large investors have recently modified their holdings of the stock. Maple Rock Capital Partners Inc. acquired a new stake in shares of RXO in the 2nd quarter valued at about $71,283,000. Dimensional Fund Advisors LP raised its stake in RXO by 32.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,048,903 shares of the company’s stock worth $29,949,000 after buying an additional 504,955 shares during the period. Emerald Advisers LLC raised its stake in RXO by 434,029.7% during the 1st quarter. Emerald Advisers LLC now owns 438,471 shares of the company’s stock worth $6,410,000 after buying an additional 438,370 shares during the period. Bank of America Corp DE raised its stake in RXO by 128.6% during the 1st quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock worth $10,586,000 after buying an additional 407,285 shares during the period. Finally, Emerald Mutual Fund Advisers Trust bought a new position in RXO in the first quarter worth approximately $4,034,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

About RXO

RXO, Inc is a transportation and logistics company that connects shippers with motor carriers and other transportation providers. The company primarily operates an asset-light business model, arranging freight transportation rather than owning a large fleet of trucks.

Its services include truckload freight brokerage, managed transportation and last-mile delivery. RXO uses technology and logistics expertise to help businesses source transportation capacity, manage shipments and coordinate deliveries across their supply chains.

RXO serves customers throughout North America, including the United States, Canada and Mexico.