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

Shares of RXO, Inc. (NYSE:RXO) have received a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $26.29.

RXO has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating and set a $31.00 price target on shares of RXO in a research report on Tuesday, September 17th. TD Cowen lifted their price target on RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Morgan Stanley increased their price objective on RXO from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. increased their price target on RXO from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Finally, Jefferies Financial Group reduced their price objective on shares of RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th.

RXO Stock Down 0.9 %

RXO opened at $27.25 on Friday. The company has a market cap of $4.38 billion, a PE ratio of -13.76, a price-to-earnings-growth ratio of 15.00 and a beta of 1.33. RXO has a twelve month low of $18.75 and a twelve month high of $32.82. The company has a 50-day moving average price of $27.85 and a 200 day moving average price of $26.04. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $956.19 million. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts expect that RXO will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RXO

Several institutional investors have recently modified their holdings of the business. UniSuper Management Pty Ltd purchased a new position in RXO in the first quarter valued at $542,000. Boston Partners boosted its stake in shares of RXO by 150.0% in the 1st quarter. Boston Partners now owns 42,526 shares of the company’s stock valued at $930,000 after buying an additional 25,519 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of RXO by 225.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 108,847 shares of the company’s stock worth $2,380,000 after buying an additional 75,395 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of RXO by 1,459.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company’s stock worth $42,574,000 after buying an additional 1,523,650 shares during the period. Finally, Swedbank AB acquired a new stake in RXO in the first quarter valued at approximately $76,982,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

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.