Analysts Set RXO, Inc. (NYSE:RXO) Price Target at $26.79

RXO, Inc. (NYSE:RXO) has earned an average recommendation of “Hold” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.79.

Several brokerages recently commented on RXO. Barclays reduced their target price on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Jefferies Financial Group reduced their price target on RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Finally, Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Loomis Sayles & Co. L P bought a new stake in shares of RXO in the third quarter valued at about $27,964,000. Zimmer Partners LP bought a new stake in RXO in the 3rd quarter valued at about $22,680,000. Franklin Resources Inc. acquired a new position in shares of RXO during the 3rd quarter worth approximately $22,344,000. Victory Capital Management Inc. grew its position in shares of RXO by 1,772.4% during the 3rd quarter. Victory Capital Management Inc. now owns 761,230 shares of the company’s stock worth $21,314,000 after purchasing an additional 720,574 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of RXO by 13.3% during the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock worth $143,498,000 after purchasing an additional 602,741 shares during the period. 92.73% of the stock is owned by institutional investors.

RXO Stock Performance

Shares of RXO stock opened at $25.62 on Thursday. 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 firm has a market cap of $4.12 billion, a price-to-earnings ratio of -12.94, a price-to-earnings-growth ratio of 4.02 and a beta of 1.52. The stock’s 50-day moving average is $26.35 and its 200-day moving average is $27.68. RXO has a one year low of $18.75 and a one year high of $32.82.

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

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.