RXO Analyst Impressed With Tech-Enabled Growth, But Hesitant On Industry Headwinds
RXO Analyst Impressed With Tech-Enabled Growth, But Hesitant On Industry Headwinds
RXO分析師對科技推動的增長印象深刻，但對行業逆風猶豫不決
- Raymond James analyst Felix Boeschen initiated coverage on RXO Inc (NYSE:RXO) with a Market Perform rating on the shares.
- Following the spin-off from XPO Logistics, Inc.(NYSE:XPO), the analyst is assuming coverage of RXO, XPO's technology enabled brokerage platform with exposure in truckload, heavy-goods Last Mile, forwarding and managed transportation.
- Boeschen was impressed with RXO's technology, the asset-light business model/strong FCF generation and RXO's above-market growth prospects.
- But he remains hesitant on the cyclical freight backdrop inclusive of likely industry volume headwinds in key service offerings as well as decelerating contractual truck rates that could put pressure on 1H23 buy/re-sell spread dynamics in RXO's flagship truck business.
- Longer-term, he ponders if RXO's healthy balance sheet, strong FCF generation and minimal capex requirements could allow for incremental capital allocation upside to out-year targets in the form of substantive share buybacks and/or M&A.
- He primarily sees RXO as a tech-enabled growth story in the highly fragmented for hire truckload brokerage market.
- Also Read: XPO Logistics Analyst Slashes Price Target By 34%; Says Brokerage Separation Simplifies Story At XPO
- Price Action: RXO shares are trading lower by 4.12% at $17.92 on the last check Monday.
- Photo Via Company
- Raymond James analyst Felix Boeschen initiated coverage on RXO Inc (NYSE:RXO) with a Market Perform rating on the shares.
- Following the spin-off from XPO Logistics, Inc.(NYSE:XPO), the analyst is assuming coverage of RXO, XPO's technology enabled brokerage platform with exposure in truckload, heavy-goods Last Mile, forwarding and managed transportation.
- Boeschen was impressed with RXO's technology, the asset-light business model/strong FCF generation and RXO's above-market growth prospects.
- But he remains hesitant on the cyclical freight backdrop inclusive of likely industry volume headwinds in key service offerings as well as decelerating contractual truck rates that could put pressure on 1H23 buy/re-sell spread dynamics in RXO's flagship truck business.
- Longer-term, he ponders if RXO's healthy balance sheet, strong FCF generation and minimal capex requirements could allow for incremental capital allocation upside to out-year targets in the form of substantive share buybacks and/or M&A.
- He primarily sees RXO as a tech-enabled growth story in the highly fragmented for hire truckload brokerage market.
- Also Read: XPO Logistics Analyst Slashes Price Target By 34%; Says Brokerage Separation Simplifies Story At XPO
- Price Action: RXO shares are trading lower by 4.12% at $17.92 on the last check Monday.
- Photo Via Company
- 雷蒙德·詹姆斯分析師Felix Boeschen在RXO Inc.(紐約證券交易所股票代碼：RXO)對股票給予市場表現評級。
- 繼從XPO物流有限公司(紐約證券交易所股票代碼：XPO)，分析師假設RXO是XPO的技術支持的經紀平臺，在卡車、最後一英里的重型貨物、運輸和管理運輸方面有風險敞口。
- 博伊森對RXO的技術、輕資產業務模式/強勁的FCF生成以及RXO高於市場的增長前景印象深刻。
- 但他仍然對週期性貨運背景猶豫不決，包括關鍵服務產品可能出現的行業銷量逆風，以及合同卡車費率的減速，這可能會對RXO旗艦卡車業務的1H23買入/轉售價差動態構成壓力。
- 長期而言，他認為，RXO健康的資產負債表、強勁的FCF產生和最低的資本支出要求，是否能夠以實質性的股票回購和/或併購的形式，為年度外目標提供增量資本配置。
- 他主要認為，在高度分散的租賃卡車經紀市場，RXO是一個科技驅動的增長故事。
- 也請閲讀: XPO物流分析師將目標價格下調34%；稱經紀業務分離簡化了XPO的故事
- 價格行動：在週一的最後一次檢查中，RXO的股價下跌了4.12%，至17.92美元。
- 照片通過公司
譯文內容由第三人軟體翻譯。
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
風險及免責聲明
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
我知道了
風險及免責聲明
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
我知道了
搶先評論
0 0 0
讚好勁正笑哭社會社會Emm惨惨嬲嬲
輕觸選擇心情
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用瀏覽器的分享功能，分享給你的好友吧
點擊這裡與好友分享
暫無評論，快來留言吧！