RXO, Inc. (NYSE:RXO) Receives Average Rating of “Hold” from Analysts

RXO, Inc. (NYSE:RXO) has received a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $26.23.

Several brokerages have recently commented on RXO. JPMorgan Chase & Co. boosted their target price on RXO from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Citigroup assumed coverage on RXO in a research note on Wednesday, October 9th. They issued a “buy” rating and a $33.00 price objective on the stock. TD Cowen raised their target price on RXO from $23.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Morgan Stanley upped their price target on shares of RXO from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, Susquehanna lowered their price objective on shares of RXO from $20.00 to $16.00 and set a “negative” rating for the company in a research report on Thursday, September 26th.

RXO Stock Down 0.9 %

Shares of NYSE RXO opened at $28.95 on Tuesday. RXO has a 52-week low of $16.94 and a 52-week high of $32.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.17 and a current ratio of 1.17. The business has a fifty day moving average of $27.81 and a two-hundred day moving average of $25.02. The stock has a market cap of $4.01 billion, a PE ratio of -160.82, a PEG ratio of 12.74 and a beta of 1.34.

RXO (NYSE:RXO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $930.00 million during the quarter, compared to the consensus estimate of $934.14 million. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. As a group, equities research analysts expect that RXO will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of RXO

A number of institutional investors have recently bought and sold shares of RXO. GSA Capital Partners LLP boosted its position in shares of RXO by 433.8% in the 1st quarter. GSA Capital Partners LLP now owns 56,002 shares of the company’s stock worth $1,225,000 after purchasing an additional 45,510 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of RXO during the 1st quarter worth about $542,000. Boston Partners increased its stake in shares of RXO by 150.0% in the 1st quarter. Boston Partners now owns 42,526 shares of the company’s stock valued at $930,000 after acquiring an additional 25,519 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of RXO by 225.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 108,847 shares of the company’s stock valued at $2,380,000 after acquiring an additional 75,395 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in RXO during the 1st quarter worth approximately $2,283,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.