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

Shares of Rxo Inc (NYSE:RXO) have received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.5714.

Several equities research analysts have recently commented on the company. UBS Group boosted their price target on RXO from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Wells Fargo & Company raised their price objective on RXO from $15.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Citizens Jmp assumed coverage on RXO in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Weiss Ratings upgraded RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. Finally, Susquehanna upped their target price on RXO from $18.00 to $20.00 and gave the company a “negative” rating in a report on Tuesday, July 14th.

RXO Stock Down 0.0%

Shares of NYSE RXO opened at $20.25 on Monday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -33.19 and a beta of 2.10. RXO has a 52 week low of $10.43 and a 52 week high of $29.90. The firm has a 50-day moving average price of $26.50 and a 200 day moving average price of $19.92. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.28.

RXO (NYSE:RXO) last issued its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the business posted ($0.03) earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that RXO will post 0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On RXO

Several institutional investors and hedge funds have recently made changes to their positions in the business. City Holding Co. grew its stake in RXO by 227.6% in the 2nd quarter. City Holding Co. now owns 1,245 shares of the company’s stock valued at $34,000 after acquiring an additional 865 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in RXO during the 1st quarter valued at about $30,000. Cassaday & Co Wealth Management LLC acquired a new position in RXO during the first quarter worth about $29,000. Flagship Harbor Advisors LLC acquired a new position in RXO during the fourth quarter worth about $25,000. Finally, Quarry LP purchased a new stake in shares of RXO in the third quarter valued at about $33,000. 92.73% of the stock is currently owned by hedge funds and other 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.