Barclays analyst Brandon Oglenski maintains $RXO Inc (RXO.US)$ with a buy rating, and maintains the target price at $32.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 10.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $RXO Inc (RXO.US)$'s main analysts recently are as follows:
The acquisition of Coyote in September enhanced RXO Inc.'s scale and capabilities in freight brokerage. However, the potential advantages such as increased size, scale, and market presence among carriers and shippers may already be reflected in the current investor sentiment. The perspective looks towards the company's management to exhibit further advancement on synergies and consistent free cash flow production.
The initiation of coverage on RXO Inc. acknowledges the potential for value creation following the Coyote acquisition. Nonetheless, there are concerns about persistent estimate risks acting as a deterrent. Additionally, it is observed that brokerage services tend to show improved performance after the initial cycle turn, which could be approaching. A prevalent issue within the Transports sector is the tendency for consensus estimates to be overly optimistic, a risk that RXO Inc. may also be exposed to.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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