FedEx losses mount as gloomy outlook permeates transportation sector [Seeking Alpha]
RXO, Inc. (RXO)
Company Research
Source: Seeking Alpha
on Friday and is reverberating through the transportation/delivery/logistics sector. The company blamed soft demand for premium delivery for the outcome, amplified by a challenging macro environment evidenced by the 50-basis point cut in interest rates this week. “The magnitude of the Fed rate cuts [on Wednesday] signals the weakness of the current environment,” CEO Raj Subramaniam said on the earnings call , adding that the company is “not assuming a significant comeback on the industrial environment in the rest of this calendar year.” Wall Street analysts mostly expect secular headwinds impacting the company longer-term. Morgan Stanley's Ravi Shanker said EPS needs to reach $17 in the next three quarters for the company to reach its guidance expectations, despite market and idiosyncratic headwinds ahead. Shanker downgraded FedEx ( FDX ) to Sell. The out-sized reversal in the stock, leaves FedEx ( FDX ) shares at a discount, but DeVas Research warns this is a “value trap for
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RXO
News
- RXO, Inc. (NYSE: RXO) had its "neutral" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $29.00 price target on the stock.MarketBeat
- RXO, Inc. (NYSE: RXO) had its price target lowered by analysts at Susquehanna from $16.00 to $12.00. They now have a "negative" rating on the stock.MarketBeat
- RXO, Inc. (NYSE: RXO) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $33.00 price target on the stock.MarketBeat
- RXO, Inc. (NYSE: RXO) had its "equal weight" rating re-affirmed by analysts at Wells Fargo & Company. They now have a $31.00 price target on the stock.MarketBeat
- RXO (RXO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
RXO
Earnings
- 11/7/24 - Beat
RXO
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 4
- 11/12/24 - Form SC
- RXO's page on the SEC website