Rxo Inc (NYSE:RXO) Given Consensus Rating of “Hold” by Brokerages

Shares of Rxo Inc (NYSE:RXO) have earned an average rating of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $20.0769.

RXO has been the subject of several recent analyst reports. Bank of America reduced their target price on shares of RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. TD Cowen increased their price target on shares of RXO from $14.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Morgan Stanley restated an “equal weight” rating and set a $22.00 price target (up from $19.00) on shares of RXO in a research report on Thursday, May 7th. Susquehanna increased their price target on shares of RXO from $14.00 to $18.00 and gave the company a “negative” rating in a research report on Friday, May 8th. Finally, UBS Group increased their price target on shares of RXO from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, May 8th.

RXO Stock Performance

NYSE RXO opened at $25.43 on Friday. RXO has a 1 year low of $10.43 and a 1 year high of $29.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -41.68, a PEG ratio of 26.95 and a beta of 2.08. The company has a fifty day moving average price of $22.39 and a 200-day moving average price of $17.24.

RXO (NYSE:RXO) last posted its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted ($0.03) EPS. The business’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that RXO will post 0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On RXO

Several institutional investors have recently added to or reduced their stakes in RXO. Flagship Harbor Advisors LLC bought a new position in RXO during the fourth quarter valued at about $25,000. Cassaday & Co Wealth Management LLC bought a new position in RXO during the first quarter valued at about $29,000. Geneos Wealth Management Inc. bought a new position in RXO during the first quarter valued at about $30,000. Quarry LP bought a new position in RXO during the third quarter valued at about $33,000. Finally, Larson Financial Group LLC grew its position in RXO by 146.5% during the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after buying an additional 1,644 shares during the period. Institutional investors own 92.73% of the company’s stock.

RXO Company Profile

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.