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

Shares of RXO, Inc. (NYSE:RXO) have been assigned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $26.79.

A number of equities research analysts have issued reports on RXO shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price target on shares of RXO in a research note on Monday, November 18th. Barclays lowered their target price on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Susquehanna reduced their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a report on Tuesday, November 12th. Benchmark reissued a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Finally, Jefferies Financial Group decreased their target price 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 Trading Down 0.2 %

NYSE:RXO opened at $25.93 on Thursday. RXO has a one year low of $18.75 and a one year high of $32.82. The business has a fifty day moving average price of $26.45 and a 200-day moving average price of $27.73. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of -13.10, a price-to-earnings-growth ratio of 3.72 and a beta of 1.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33.

RXO (NYSE:RXO) last posted 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. 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 business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. Sell-side analysts forecast that RXO will post 0.12 EPS for the current year.

Institutional Investors Weigh In On RXO

Several institutional investors have recently made changes to their positions in RXO. Loomis Sayles & Co. L P purchased a new stake in RXO in the 3rd quarter worth about $27,964,000. Zimmer Partners LP purchased a new stake in RXO in the 3rd quarter valued at about $22,680,000. Franklin Resources Inc. purchased a new position in shares of RXO during the third quarter worth approximately $22,344,000. Victory Capital Management Inc. boosted its holdings in shares of RXO by 1,772.4% in the third quarter. Victory Capital Management Inc. now owns 761,230 shares of the company’s stock valued at $21,314,000 after purchasing an additional 720,574 shares during the period. Finally, State Street Corp grew its stake in RXO by 13.3% in 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 in 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.