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

Shares of RXO, Inc. (NYSE:RXO) have been assigned an average recommendation of “Hold” from the seventeen research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $26.47.

RXO has been the topic of a number of recent research reports. Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research note on Tuesday, November 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of RXO in a research report on Monday, November 18th. Oppenheimer reiterated an “outperform” rating and set a $31.00 price objective on shares of RXO in a research report on Tuesday, September 17th. Benchmark restated a “hold” rating on shares of RXO in a report on Tuesday, October 15th. Finally, Susquehanna decreased their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a research note on Tuesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in RXO in the third quarter valued at about $28,000. Nomura Asset Management Co. Ltd. grew its position in shares of RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after buying an additional 570 shares during the period. GAMMA Investing LLC increased its stake in shares of RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after acquiring an additional 510 shares during the last quarter. KBC Group NV raised its position in shares of RXO by 28.1% in the 3rd quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after acquiring an additional 890 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in RXO during the 2nd quarter worth approximately $112,000. 92.73% of the stock is currently owned by institutional investors.

RXO Price Performance

RXO stock opened at $27.29 on Wednesday. The business has a 50 day simple moving average of $28.70 and a 200-day simple moving average of $27.32. RXO has a 12 month low of $18.75 and a 12 month high of $32.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $4.39 billion, a PE ratio of -13.78, a price-to-earnings-growth ratio of 15.82 and a beta of 1.32.

RXO (NYSE:RXO) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. Equities analysts predict that RXO will post 0.12 earnings per share for the current year.

About RXO

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.