Rxo Inc (NYSE:RXO) Receives $16.29 Consensus Price Target from Brokerages

Shares of Rxo Inc (NYSE:RXO) have been given a consensus rating of “Hold” by the twenty research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.1429.

Several equities analysts have commented on the company. Wall Street Zen downgraded RXO from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Morgan Stanley upgraded shares of RXO from an “equal weight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research note on Tuesday, November 11th. Barclays dropped their target price on shares of RXO from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. TD Cowen upped their price target on shares of RXO from $13.00 to $14.00 and gave the company a “hold” rating in a report on Friday, January 9th. Finally, UBS Group lowered their price target on RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th.

Insider Buying and Selling at RXO

In other RXO news, CEO Andrew M. Wilkerson acquired 7,775 shares of RXO stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of $12.88 per share, with a total value of $100,142.00. Following the completion of the transaction, the chief executive officer owned 7,775 shares of the company’s stock, valued at $100,142. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Szlosek bought 20,308 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average cost of $12.37 per share, for a total transaction of $251,209.96. Following the transaction, the director directly owned 36,508 shares of the company’s stock, valued at $451,603.96. This trade represents a 125.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 40,250 shares of company stock valued at $488,875 in the last 90 days. 2.80% of the stock is currently owned by insiders.

Institutional Trading of RXO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC increased its holdings in RXO by 87.1% in the 1st quarter. Intech Investment Management LLC now owns 94,527 shares of the company’s stock valued at $1,805,000 after buying an additional 44,001 shares during the period. Frontier Capital Management Co. LLC increased its stake in RXO by 39.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,801,187 shares of the company’s stock valued at $28,315,000 after acquiring an additional 511,036 shares during the period. Russell Investments Group Ltd. raised its position in RXO by 67.3% in the second quarter. Russell Investments Group Ltd. now owns 191,318 shares of the company’s stock worth $3,008,000 after purchasing an additional 76,965 shares in the last quarter. Edgestream Partners L.P. acquired a new position in RXO in the second quarter worth about $5,611,000. Finally, EFG Asset Management North America Corp. lifted its stake in RXO by 28.4% during the second quarter. EFG Asset Management North America Corp. now owns 143,927 shares of the company’s stock worth $2,264,000 after purchasing an additional 31,860 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Trading Down 3.7%

RXO stock opened at $15.01 on Thursday. RXO has a one year low of $10.43 and a one year high of $26.92. The company’s fifty day moving average price is $13.30 and its two-hundred day moving average price is $15.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -34.91, a PEG ratio of 7.32 and a beta of 1.74.

RXO (NYSE:RXO) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. RXO had a positive return on equity of 0.88% and a negative net margin of 1.25%.The business’s revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS. On average, analysts forecast that RXO will post 0.31 earnings per share for the current fiscal year.

About RXO

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.