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

Shares of RXO, Inc. (NYSE:RXO) have earned an average rating of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $26.79.

RXO has been the topic of a number of recent research reports. Barclays reduced their price target 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. Susquehanna cut their target price 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. Wells Fargo & Company decreased their target price on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Citigroup cut 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. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price objective on shares of RXO in a research report on Monday, November 18th.

Institutional Trading of RXO

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its stake in shares of RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after acquiring an additional 510 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of RXO in the third quarter valued at $28,000. Smartleaf Asset Management LLC boosted its stake in RXO by 228.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock valued at $30,000 after buying an additional 868 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after acquiring an additional 570 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after acquiring an additional 1,445 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

RXO Trading Down 15.0 %

Shares of NYSE RXO opened at $21.48 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $25.96 and its two-hundred day moving average price is $27.55. RXO has a 52-week low of $18.75 and a 52-week high of $32.82. The stock has a market capitalization of $3.45 billion, a P/E ratio of -10.85, a PEG ratio of 3.98 and a beta of 1.53.

RXO (NYSE:RXO) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. On average, analysts anticipate that RXO will post 0.12 earnings per share for the current fiscal 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.