RXO (NYSE:RXO) Hits New 12-Month Low on Analyst Downgrade

RXO, Inc. (NYSE:RXO)’s stock price hit a new 52-week low during mid-day trading on Thursday after Barclays lowered their price target on the stock from $24.00 to $22.00. Barclays currently has an overweight rating on the stock. RXO traded as low as $16.85 and last traded at $17.02, with a volume of 358166 shares. The stock had previously closed at $19.55.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group dropped their price target on RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus dropped their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of RXO in a research report on Friday, March 7th. They issued a “hold” rating and a $19.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of RXO from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, RXO has an average rating of “Hold” and a consensus price target of $24.80.

Institutional Trading of RXO

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in RXO by 13.2% during the 4th quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock valued at $410,137,000 after buying an additional 2,009,937 shares in the last quarter. FIL Ltd increased its holdings in shares of RXO by 10.4% during the fourth quarter. FIL Ltd now owns 6,327,889 shares of the company’s stock valued at $150,857,000 after acquiring an additional 596,158 shares in the last quarter. State Street Corp increased its holdings in shares of RXO by 13.3% during the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock valued at $143,498,000 after acquiring an additional 602,741 shares in the last quarter. Geode Capital Management LLC raised its position in shares of RXO by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company’s stock valued at $80,185,000 after purchasing an additional 307,492 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in RXO by 27.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company’s stock worth $56,629,000 after purchasing an additional 508,330 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Stock Performance

The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.77 billion, a PE ratio of -8.01, a P/E/G ratio of 4.55 and a beta of 1.67. The firm’s 50-day simple moving average is $20.93 and its two-hundred day simple moving average is $25.05.

RXO (NYSE:RXO) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. As a group, research analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.