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

Shares of RXO, Inc. (NYSE:RXO) have received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $26.85.

A number of brokerages have weighed in on RXO. Susquehanna dropped their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research report on Tuesday, November 12th. Oppenheimer reiterated an “outperform” rating and issued a $31.00 target price on shares of RXO in a report on Tuesday, September 17th. Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Tuesday, November 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price objective on shares of RXO in a report on Monday, November 18th. Finally, Benchmark restated a “hold” rating on shares of RXO in a report on Tuesday, October 15th.

RXO Stock Down 0.3 %

RXO stock opened at $25.22 on Friday. RXO has a one year low of $18.75 and a one year high of $32.82. The firm has a market cap of $4.06 billion, a PE ratio of -12.74, a PEG ratio of 15.82 and a beta of 1.52. The firm’s 50 day moving average price is $27.22 and its 200-day moving average price is $27.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33.

RXO (NYSE:RXO) last posted its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities research analysts anticipate that RXO will post 0.12 EPS for the current year.

Institutional Trading of RXO

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of RXO by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company’s stock valued at $7,618,000 after purchasing an additional 113,685 shares during the last quarter. Principal Financial Group Inc. lifted its stake in RXO by 11.3% in the third quarter. Principal Financial Group Inc. now owns 650,222 shares of the company’s stock valued at $18,206,000 after buying an additional 66,159 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of RXO in the third quarter valued at approximately $22,344,000. Wilmington Savings Fund Society FSB purchased a new position in shares of RXO during the third quarter worth approximately $28,000. Finally, Geode Capital Management LLC increased its holdings in shares of RXO by 16.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock valued at $85,563,000 after acquiring an additional 441,994 shares during the period. Hedge funds and other institutional investors 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.