Rxo Inc (NYSE:RXO) Stock Has Consensus Price Target of $26.08

Shares of Rxo Inc (NYSE:RXO) have earned an average rating of “Hold” from the twenty analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $26.08.

A number of research analysts have recently weighed in on the company. BMO Capital Markets downgraded RXO from an “outperform” rating to a “hold” rating and set a $30.25 price target on the stock. in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on RXO in a research note on Friday, August 7th. Barclays lifted their target price on RXO from $20.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RXO in a report on Tuesday, September 1st. Finally, William Blair set a $30.00 target price on RXO in a report on Friday, August 7th.

RXO Trading Down 1.4%

RXO stock traded down $0.40 during midday trading on Friday, reaching $28.66. The stock had a trading volume of 5,352,164 shares, compared to its average volume of 4,202,640. RXO has a twelve month low of $10.43 and a twelve month high of $29.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -46.99 and a beta of 2.10. The firm’s fifty day simple moving average is $22.52 and its two-hundred day simple moving average is $22.81.

RXO (NYSE:RXO) last announced its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.63 billion. RXO had a negative net margin of 1.72% and a negative return on equity of 0.98%. The company’s revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 EPS. Equities analysts anticipate that RXO will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RXO. Maple Rock Capital Partners Inc. bought a new position in shares of RXO in the second quarter worth about $71,283,000. Dimensional Fund Advisors LP lifted its position in shares of RXO by 32.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,048,903 shares of the company’s stock worth $29,949,000 after purchasing an additional 504,955 shares during the last quarter. Emerald Advisers LLC boosted its stake in RXO by 434,029.7% during the 1st quarter. Emerald Advisers LLC now owns 438,471 shares of the company’s stock valued at $6,410,000 after purchasing an additional 438,370 shares during the period. Bank of America Corp DE boosted its stake in RXO by 128.6% during the 1st quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock valued at $10,586,000 after purchasing an additional 407,285 shares during the period. Finally, Attestor Capital Ltd acquired a new stake in RXO in the 4th quarter valued at approximately $3,610,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Company Profile

RXO, Inc is a transportation services company that provides asset-light freight brokerage and logistics solutions. The company connects shippers with independent carriers and helps coordinate the movement of truckload, less-than-truckload and other freight across North America.

RXO’s services include digital freight brokerage, managed transportation and last-mile logistics. Its brokerage business uses technology and carrier relationships to match customer shipments with available transportation capacity, while its managed transportation offerings help companies plan, coordinate and optimize freight operations.