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

Shares of RXO, Inc. (NYSE:RXO) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $20.00.

Several research firms recently commented on RXO. Jefferies Financial Group dropped their price target on RXO from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Citigroup reiterated a “neutral” rating and issued a $18.00 price target (up previously from $15.00) on shares of RXO in a research report on Wednesday, May 21st. Wells Fargo & Company dropped their price target on RXO from $20.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Oppenheimer lowered RXO from an “outperform” rating to a “market perform” rating in a research report on Friday, April 4th. Finally, Truist Financial dropped their target price on RXO from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, April 24th.

RXO Trading Up 1.8%

RXO opened at $16.51 on Wednesday. The firm has a market cap of $2.71 billion, a P/E ratio of -7.79, a P/E/G ratio of 4.55 and a beta of 1.73. RXO has a 12 month low of $12.19 and a 12 month high of $32.82. 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 stock has a 50-day moving average of $14.75 and a 200 day moving average of $20.38.

RXO (NYSE:RXO) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.51 billion. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. The company’s revenue was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) EPS. As a group, research analysts forecast that RXO will post 0.31 EPS for the current year.

Hedge Funds Weigh In On RXO

A number of large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after acquiring an additional 510 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after purchasing an additional 868 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in RXO in the first quarter worth $30,000. Larson Financial Group LLC increased its position in shares of RXO by 1,990.2% during the first quarter. Larson Financial Group LLC now owns 1,714 shares of the company’s stock worth $33,000 after purchasing an additional 1,632 shares in the last quarter. Finally, CWM LLC increased its position in shares of RXO by 234.4% during the first quarter. CWM LLC now owns 1,876 shares of the company’s stock worth $36,000 after purchasing an additional 1,315 shares in the last quarter. 92.73% of the stock is currently 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.