RXO (NYSE:RXO) Upgraded to Strong-Buy at Zacks Research

Posted by Brenda Bartman on Oct 21st, 2026

Zacks Research upgraded shares of RXO (NYSE:RXO – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks reports.

A number of other analysts have also weighed in on the stock. Barclays upped their price objective on shares of RXO from $20.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Susquehanna raised shares of RXO from a “negative” rating to a “neutral” rating and cut their target price for the company from $20.00 to $19.00 in a research report on Wednesday, September 23rd. Citizens Jmp downgraded shares of RXO from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 15th. Stephens upgraded shares of RXO to a “hold” rating in a report on Wednesday, July 8th. Finally, BMO Capital Markets lowered shares of RXO from an “outperform” rating to a “hold” rating and set a $30.25 price target for the company. in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, RXO presently has a consensus rating of “Hold” and a consensus target price of $26.08.

Read Our Latest Stock Analysis on RXO

RXO Price Performance

Shares of RXO stock opened at $28.71 on Monday. RXO has a twelve month low of $10.43 and a twelve month high of $29.90. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of -47.07 and a beta of 2.10. The stock has a fifty day simple moving average of $22.81 and a two-hundred day simple moving average of $23.07. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.30.

RXO (NYSE:RXO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share. On average, analysts predict that RXO will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. purchased a new stake in shares of RXO during the 2nd quarter worth $71,283,000. Dimensional Fund Advisors LP boosted its position in RXO by 32.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,048,903 shares of the company’s stock valued at $29,949,000 after purchasing an additional 504,955 shares in the last quarter. Principal Financial Group Inc. boosted its position in RXO by 2.0% during the first quarter. Principal Financial Group Inc. now owns 798,285 shares of the company’s stock valued at $11,671,000 after purchasing an additional 16,029 shares in the last quarter. Bank of America Corp DE grew its stake in RXO by 128.6% in the first quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock valued at $10,586,000 after purchasing an additional 407,285 shares during the last quarter. Finally, Emerald Advisers LLC grew its stake in RXO by 434,029.7% in the first quarter. Emerald Advisers LLC now owns 438,471 shares of the company’s stock valued at $6,410,000 after purchasing an additional 438,370 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

RXO Company Profile

(Get Free Report)

RXO, Inc is a transportation and logistics company that connects shippers with motor carriers and other transportation providers. The company primarily operates an asset-light business model, arranging freight transportation rather than owning a large fleet of trucks.

Its services include truckload freight brokerage, managed transportation and last-mile delivery. RXO uses technology and logistics expertise to help businesses source transportation capacity, manage shipments and coordinate deliveries across their supply chains.

RXO serves customers throughout North America, including the United States, Canada and Mexico.