Susquehanna Lowers RXO (NYSE:RXO) Price Target to $13.00

RXO (NYSE:RXO) had its price target reduced by investment analysts at Susquehanna from $18.00 to $13.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “negative” rating on the stock. Susquehanna’s price target points to a potential downside of 32.83% from the stock’s previous close.

RXO has been the topic of a number of other research reports. Barclays dropped their price target on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft began coverage on RXO in a research note on Friday, March 7th. They issued a “hold” rating and a $19.00 price objective on the stock. Benchmark reiterated a “hold” rating on shares of RXO in a report on Wednesday, January 15th. The Goldman Sachs Group reduced their price objective on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Wells Fargo & Company cut their target price on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.33.

RXO Stock Performance

Shares of RXO stock opened at $19.36 on Wednesday. RXO has a 12 month low of $17.50 and a 12 month high of $32.82. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of -9.13, a PEG ratio of 4.55 and a beta of 1.67. The business’s 50-day moving average price is $21.44 and its 200-day moving average price is $25.25.

RXO (NYSE:RXO) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. Equities research analysts forecast that RXO will post 0.31 EPS for the current year.

Institutional Trading of RXO

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of RXO by 13.2% in the fourth quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock worth $410,137,000 after buying an additional 2,009,937 shares in the last quarter. Norges Bank bought a new position in RXO in the 4th quarter valued at $28,342,000. Franklin Resources Inc. grew its position in shares of RXO by 122.6% during the 4th quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company’s stock valued at $39,971,000 after purchasing an additional 923,307 shares in the last quarter. Zimmer Partners LP bought a new position in shares of RXO in the third quarter worth $22,680,000. Finally, State Street Corp raised its position in shares of RXO by 13.3% in the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock worth $143,498,000 after buying an additional 602,741 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.