RXO, Inc. (NYSE:RXO) Given Consensus Rating of “Hold” by Analysts

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

Several equities research analysts recently weighed in on RXO shares. Wells Fargo & Company reduced their price target on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Barclays reduced their target price on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Citigroup cut shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Tuesday, November 12th. Susquehanna decreased their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group dropped their price target on RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th.

RXO Stock Down 0.2 %

Shares of NYSE RXO opened at $25.93 on Thursday. The firm has a fifty day simple moving average of $26.45 and a two-hundred day simple moving average of $27.73. RXO has a 12 month low of $18.75 and a 12 month high of $32.82. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.17 billion, a PE ratio of -13.10, a price-to-earnings-growth ratio of 3.72 and a beta of 1.52.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in RXO by 13.3% during the 3rd quarter. State Street Corp now owns 5,124,927 shares of the company’s stock valued at $143,498,000 after buying an additional 602,741 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of RXO by 16.9% in the third quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock worth $85,563,000 after acquiring an additional 441,994 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in RXO by 27.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company’s stock valued at $56,629,000 after acquiring an additional 508,330 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in RXO by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,068,380 shares of the company’s stock valued at $57,915,000 after acquiring an additional 136,886 shares during the period. Finally, Fred Alger Management LLC boosted its position in RXO by 31.9% in the third quarter. Fred Alger Management LLC now owns 1,751,114 shares of the company’s stock worth $49,031,000 after purchasing an additional 423,822 shares during the last quarter. Institutional investors 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.