RXO, Inc. (NYSE:RXO) Receives $19.90 Average PT from Analysts

Shares of RXO, Inc. (NYSE:RXO) have been assigned an average rating of “Reduce” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $19.90.

RXO has been the topic of a number of research analyst reports. Stephens reiterated an “equal weight” rating and issued a $22.00 target price on shares of RXO in a research report on Monday, May 6th. Raymond James initiated coverage on RXO in a research report on Wednesday, May 15th. They issued a “market perform” rating on the stock. Benchmark reiterated a “hold” rating on shares of RXO in a research report on Wednesday, June 12th. TD Cowen upped their price objective on RXO from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Finally, Susquehanna upped their price objective on RXO from $15.00 to $16.00 and gave the company a “negative” rating in a research report on Monday, March 25th.

Insider Transactions at RXO

In other RXO news, major shareholder Mfn Partners, Lp purchased 35,985 shares of RXO stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average cost of $20.22 per share, for a total transaction of $727,616.70. Following the completion of the acquisition, the insider now owns 15,629,679 shares in the company, valued at approximately $316,032,109.38. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have acquired 1,128,060 shares of company stock worth $22,099,090. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RXO

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in RXO by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,869,583 shares of the company’s stock worth $43,489,000 after purchasing an additional 93,885 shares in the last quarter. Douglas Lane & Associates LLC grew its stake in RXO by 10.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,579,390 shares of the company’s stock worth $59,997,000 after purchasing an additional 248,883 shares in the last quarter. Norges Bank bought a new position in RXO in the fourth quarter worth approximately $24,250,000. GSA Capital Partners LLP grew its stake in RXO by 325.2% in the third quarter. GSA Capital Partners LLP now owns 55,077 shares of the company’s stock worth $1,087,000 after purchasing an additional 42,123 shares in the last quarter. Finally, EFG Asset Management North America Corp. bought a new position in RXO in the fourth quarter worth approximately $887,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

RXO Price Performance

NYSE:RXO opened at $20.21 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.38 billion, a P/E ratio of -224.56, a P/E/G ratio of 7.67 and a beta of 1.27. RXO has a 12 month low of $16.94 and a 12 month high of $24.33. The business’s 50-day moving average is $20.20 and its 200 day moving average is $21.21.

RXO (NYSE:RXO) last posted its earnings results on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $913.00 million for the quarter, compared to the consensus estimate of $929.50 million. RXO had a positive return on equity of 3.23% and a negative net margin of 0.29%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. On average, equities research analysts forecast that RXO will post 0.17 earnings per share for the current fiscal year.

RXO Company Profile

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.