RXO (NYSE:RXO) Hits New 52-Week Low – Should You Sell?

Shares of RXO, Inc. (NYSE:RXO) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.19 and last traded at $12.31, with a volume of 1198246 shares. The stock had previously closed at $13.24.

Analyst Ratings Changes

RXO has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on RXO from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of RXO in a research report on Friday, March 7th. They set a “hold” rating and a $19.00 price target on the stock. Stifel Nicolaus decreased their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Barclays cut their price target on shares of RXO from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group dropped their target price on RXO from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.73.

RXO Trading Down 6.4 %

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 $2.03 billion, a PE ratio of -5.84, a PEG ratio of 4.55 and a beta of 1.60. The stock has a 50 day moving average price of $18.05 and a 200 day moving average price of $23.78.

RXO (NYSE:RXO) last released its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Sell-side analysts predict that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Trading of RXO

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in RXO in the fourth quarter worth $1,588,000. Charles Schwab Investment Management Inc. grew its position in RXO by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock valued at $51,138,000 after purchasing an additional 76,653 shares during the last quarter. JPMorgan Chase & Co. increased its stake in RXO by 111.5% during the 4th quarter. JPMorgan Chase & Co. now owns 575,286 shares of the company’s stock valued at $13,715,000 after purchasing an additional 303,224 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in RXO in the fourth quarter worth about $2,004,000. Finally, Victory Capital Management Inc. lifted its stake in shares of RXO by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 849,340 shares of the company’s stock worth $20,248,000 after buying an additional 88,110 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

About RXO

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.