Streetbeat News

RXO

RXO, Inc.

https://www.rxo.com

Industry

Trucking

RXO provides truckload freight transportation brokerage in the United States. The company, through a proprietary digital freight marketplace, offers access to truckload capacity and complementary brokered services of managed transportation, last mile, and freight forwarding. The company is based in Charlotte, North Carolina.

Open

18.50

Mkt cap

3B

Volume

1.2M

High

18.56

P/E Ratio

-8.51

52-wk high

32.82

Low

17.86

Div yield

N/A

52-wk low

17.50

Citigroup analyst Ariel Rosa has initiated coverage on RXO with a Buy rating and set a price target of $33.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:19 pm

Susquehanna analyst Bascome Majors maintains a Negative rating on RXO and lowers the price target from $20 to $16.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:06 pm

Oppenheimer analyst Scott Schneeberger has reiterated an Outperform rating on RXO, maintaining a price target of $31.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:14 pm

RXO shares declined following the announcement of a $500 million common stock offering, pricing 19,230,770 shares at $26 each.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 5:36 pm

RXO has announced an upsized public offering of $500 million in common stock to finance its acquisition of Coyote Logistics. The offering is priced at $26 per share and is expected to close on September 11, 2024. The acquisition is expected to be completed by September 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:55 am

RXO has announced a $350 million common stock offering, with an option for underwriters to purchase an additional $52.5 million in shares. This move is likely aimed at raising capital for the company.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:20 pm

RXO has announced a $350 million common stock offering to finance the acquisition of Coyote Logistics from UPS.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:19 pm

Susquehanna analyst Bascome Majors maintains a Negative rating on RXO (NYSE:RXO) but raises the price target from $14 to $20.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:33 pm

Jefferies analyst Stephanie Moore maintains a Buy rating on RXO (NYSE:RXO) but lowers the price target from $33 to $31.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:24 pm

Benchmark analyst Christopher Kuhn has reiterated a Hold rating on RXO (NYSE:RXO).

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:50 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.