TD Cowen Sticks to Its Hold Rating for RXO, Inc. (RXO)
In a report released today, Jason Seidl from TD Cowen reiterated a Hold rating on RXO, Inc. (RXO – Research Report), with a price target of $15.00. The company's shares closed today at $16.05.
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Seidl covers the Industrials sector, focusing on stocks such as CSX, GXO Logistics, and CH Robinson. According to TipRanks, Seidl has an average return of 20.4% and a 64.12% success rate on recommended stocks.
In addition to TD Cowen, RXO, Inc. also received a Hold from Wells Fargo's Christian Wetherbee in a report issued yesterday. However, today, Susquehanna maintained a Sell rating on RXO, Inc. (NYSE: RXO).
RXO market cap is currently $2.49B and has a P/E ratio of -7.26.
Based on the recent corporate insider activity of 29 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. Last month, Thomas Szlosek, a Director at RXO bought 7,500.00 shares for a total of $124,875.00.
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