RXO To Buy Coyote Logistics From UPS In Billion-Dollar Deal - What's On The Move?
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Acquisition Deal: RXO, Inc. is set to acquire Coyote Logistics from UPS for $1.025 billion in cash, financed through equity and debt investments.
- Market Impact: The acquisition is expected to enhance RXO's market position, customer base, and carrier network in North America.
- Financial Outlook: RXO anticipates significant enhancements in adjusted EPS and free cash flow post-acquisition.
- Synergies and Integration: RXO plans to achieve cost synergies of at least $25 million and integrate Coyote's business swiftly for diversification.
- Investor Information: Investors can access RXO shares through Motley Fool Small-Cap Growth ETF TMFS, with RXO shares up 13.8% premarket.
Analyst Views on TMFS
Wall Street analysts forecast TMFS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TMFS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
