RXO (NYSE:RXO) Hits New 1-Year High – What’s Next?

Rxo Inc (NYSE:RXO) shares hit a new 52-week high during trading on Friday . The stock traded as high as $27.83 and last traded at $27.3950, with a volume of 298328 shares traded. The stock had previously closed at $27.63.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RXO. Barclays boosted their price objective on RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. UBS Group boosted their price objective on RXO from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $18.00 price objective on shares of RXO in a research note on Friday, May 8th. Weiss Ratings downgraded RXO from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 21st. Finally, Benchmark reissued a “hold” rating on shares of RXO in a research note on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, RXO presently has a consensus rating of “Hold” and an average target price of $20.08.

RXO Trading Down 2.3%

The business has a 50 day moving average of $19.64 and a two-hundred day moving average of $16.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of -44.24, a P/E/G ratio of 28.48 and a beta of 2.08.

RXO (NYSE:RXO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) EPS. Equities analysts predict that Rxo Inc will post 0.06 EPS for the current year.

Hedge Funds Weigh In On RXO

Institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC bought a new position in shares of RXO in the fourth quarter valued at approximately $25,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of RXO in the 1st quarter worth about $29,000. Geneos Wealth Management Inc. purchased a new position in shares of RXO in the 1st quarter worth about $30,000. Quarry LP purchased a new position in RXO in the third quarter valued at about $33,000. Finally, Larson Financial Group LLC boosted its stake in RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after acquiring an additional 1,644 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

About RXO

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.