Rxo Inc (NYSE:RXO) Receives Consensus Rating of “Hold” from Analysts

Shares of Rxo Inc (NYSE:RXO – Get Free Report) have earned an average recommendation of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.8529.

Several equities analysts recently issued reports on RXO shares. Stifel Nicolaus set a $31.00 target price on RXO in a research note on Friday, August 7th. Citigroup raised RXO from a “market perform” rating to an “outperform” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RXO in a research note on Tuesday. William Blair set a $30.00 price target on RXO in a report on Friday, August 7th. Finally, Truist Financial dropped their price target on RXO from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 7th.

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Institutional Investors Weigh In On RXO

Several hedge funds and other institutional investors have recently modified their holdings of RXO. Intrinsic Edge Capital Management LLC bought a new stake in shares of RXO during the 1st quarter worth about $3,655,000. Fifth Third Bancorp boosted its position in RXO by 21,691.7% during the first quarter. Fifth Third Bancorp now owns 146,222 shares of the company’s stock valued at $2,138,000 after purchasing an additional 145,551 shares during the last quarter. Sei Investments Co. grew its stake in RXO by 71.7% in the first quarter. Sei Investments Co. now owns 133,339 shares of the company’s stock valued at $1,949,000 after purchasing an additional 55,680 shares in the last quarter. Bank of America Corp DE raised its stake in shares of RXO by 128.6% during the 1st quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock worth $10,586,000 after purchasing an additional 407,285 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of RXO during the 2nd quarter valued at about $71,283,000. Institutional investors own 92.73% of the company’s stock.

RXO Stock Performance

RXO opened at $19.97 on Friday. The firm has a fifty day moving average price of $24.16 and a 200 day moving average price of $20.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $3.29 billion, a P/E ratio of -32.74 and a beta of 2.10. RXO has a 1 year low of $10.43 and a 1 year high of $29.90.

RXO (NYSE:RXO – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business earned $0.04 earnings per share. The business’s revenue was up 25.0% compared to the same quarter last year. Equities research analysts anticipate that RXO will post 0.13 earnings per share for the current year.

RXO Company Profile

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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.

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