RXO (NYSE:RXO) Reaches New 52-Week High – Time to Buy?

Rxo Inc (NYSE:RXO) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.20 and last traded at $24.86, with a volume of 74227 shares changing hands. The stock had previously closed at $24.37.

Analyst Ratings Changes

Several equities analysts have issued reports on RXO shares. Susquehanna boosted their price target on RXO from $14.00 to $18.00 and gave the company a “negative” rating in a research note on Friday, May 8th. Barclays boosted their price target on RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Truist Financial boosted their price target on RXO from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wells Fargo & Company upped their target price on RXO from $15.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings lowered RXO from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.08.

RXO Price Performance

The company has a fifty day moving average of $18.06 and a 200-day moving average of $15.45. The firm has a market cap of $4.31 billion, a P/E ratio of -42.82, a P/E/G ratio of 26.54 and a beta of 1.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.27.

RXO (NYSE:RXO) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. On average, sell-side analysts anticipate that Rxo Inc will post 0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RXO. Finepoint Capital LP bought a new position in RXO in the 3rd quarter valued at $111,764,000. Orbis Allan Gray Ltd grew its stake in shares of RXO by 6.5% during the 4th quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock worth $438,327,000 after acquiring an additional 2,104,597 shares during the period. Franklin Resources Inc. grew its stake in shares of RXO by 91.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,328,843 shares of the company’s stock worth $35,818,000 after acquiring an additional 1,110,530 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of RXO during the 4th quarter worth $11,224,000. Finally, Wellington Management Group LLP grew its stake in shares of RXO by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock worth $153,780,000 after acquiring an additional 735,810 shares during the period. Institutional investors own 92.73% of the company’s stock.

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.