In a report released yesterday, J. Bruce Chan from Stifel Nicolaus maintained a Hold rating on RXO, Inc. (RXO – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $23.75.
According to TipRanks, Bruce Chan is a 4-star analyst with an average return of 4.1% and a 56.13% success rate. Bruce Chan covers the Industrials sector, focusing on stocks such as FedEx, Hub Group, and CH Robinson.
In addition to Stifel Nicolaus, RXO, Inc. also received a Hold from Wells Fargo’s Allison Poliniak in a report issued on December 12. However, on December 14, Oppenheimer maintained a Buy rating on RXO, Inc. (NYSE: RXO).
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RXO market cap is currently $2.74B and has a P/E ratio of -1,313.48.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RXO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
RXO, Inc. (RXO) Company Description:
RXO Inc is a leading provider of asset-light transportation in North America.
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