RXO, Inc. (NYSE:RXO) Receives Average Rating of “Hold” from Brokerages

RXO, Inc. (NYSE:RXO) has received a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $25.33.

Several research firms recently weighed in on RXO. Wells Fargo & Company lowered their target price on RXO from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday. Susquehanna reduced their target price on shares of RXO from $18.00 to $13.00 and set a “negative” rating for the company in a report on Wednesday. Barclays lowered their price target on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus reduced their price objective on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley lowered their target price on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th.

Institutional Trading of RXO

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of RXO by 13.2% in the fourth quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock valued at $410,137,000 after purchasing an additional 2,009,937 shares in the last quarter. Norges Bank bought a new position in RXO during the fourth quarter valued at $28,342,000. Loomis Sayles & Co. L P purchased a new position in shares of RXO in the 3rd quarter worth $27,964,000. Franklin Resources Inc. increased its holdings in shares of RXO by 122.6% in the 4th quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company’s stock worth $39,971,000 after buying an additional 923,307 shares during the last quarter. Finally, Zimmer Partners LP purchased a new stake in shares of RXO during the 3rd quarter valued at about $22,680,000. Institutional investors own 92.73% of the company’s stock.

RXO Stock Performance

RXO opened at $19.36 on Friday. The company’s 50 day moving average is $21.44 and its 200 day moving average is $25.25. 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 $3.16 billion, a price-to-earnings ratio of -9.13, a PEG ratio of 4.55 and a beta of 1.67. RXO has a 12-month low of $17.50 and a 12-month high of $32.82.

RXO (NYSE:RXO) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, equities research analysts predict that RXO will post 0.31 EPS for the current 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.