Fintel reports that on July 6, 2023, Morgan Stanley reiterated coverage of RXO (NYSE:RXO) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 6.38% Upside
As of July 6, 2023, the average one-year price target for RXO is 23.17. The forecasts range from a low of 19.19 to a high of $28.35. The average price target represents an increase of 6.38% from its latest reported closing price of 21.78.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for RXO is 4,660MM, an increase of 3.69%. The projected annual non-GAAP EPS is 0.90.
What is the Fund Sentiment?
There are 659 funds or institutions reporting positions in RXO. This is an increase of 9 owner(s) or 1.38% in the last quarter. Average portfolio weight of all funds dedicated to RXO is 0.13%, an increase of 12.33%. Total shares owned by institutions increased in the last three months by 6.70% to 117,510K shares. 
The put/call ratio of RXO is 0.53, indicating a bullish outlook.
What are Other Shareholders Doing?
Orbis Allan Gray holds 15,274K shares. In it's prior filing, the firm reported owning 15,279K shares, representing a decrease of 0.03%. The firm decreased its portfolio allocation in RXO by 25.70% over the last quarter.
MFN Partners Management holds 12,675K shares. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 8,490K shares.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,602K shares. In it's prior filing, the firm reported owning 3,495K shares, representing an increase of 2.97%. The firm increased its portfolio allocation in RXO by 8.66% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,555K shares.
Additional reading:
- First Quarter 2023 Results May 3, 2023 2 Non-GAAP financial measures and Forward-looking statements Non-GAAP financial measures We provide reconciliations of the non-GAAP financial measures contained in this release to the most directly comparable me
- RXO, Inc. Condensed Consolidated Statements of Operations
- orm of Restricted Stock Unit Award A
- Subsidiaries of the registrant.
- Description of the registrant’s securities registered under Section 12 of the Exchange Act.
This story originally appeared on Fintel.
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