RXO (NYSE:RXO) Issues Quarterly Earnings Results

RXO (NYSE:RXO) posted its earnings results on Wednesday. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06, Zacks reports. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%.

RXO Trading Down 18.7 %

RXO stock traded down $4.72 during trading on Wednesday, hitting $20.54. 1,192,247 shares of the company traded hands, compared to its average volume of 970,772. The company has a 50-day moving average of $26.12 and a 200-day moving average of $27.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. RXO has a 1 year low of $18.75 and a 1 year high of $32.82. The firm has a market capitalization of $3.30 billion, a PE ratio of -10.47, a P/E/G ratio of 3.98 and a beta of 1.53.

Analysts Set New Price Targets

Several brokerages recently commented on RXO. Barclays reduced their price objective on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company lowered their price objective on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 target price on shares of RXO in a research report on Monday, November 18th. Citigroup downgraded 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. Finally, Jefferies Financial Group decreased their price objective on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.79.

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.