RXO, Inc. (NYSE:RXO) Receives Average Rating of “Hold” from Analysts

Shares of RXO, Inc. (NYSE:RXO) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $26.29.

RXO has been the subject of several research analyst reports. Citigroup cut shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Tuesday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $31.00 price objective on shares of RXO in a report on Monday, November 11th. Benchmark reissued a “hold” rating on shares of RXO in a report on Tuesday, October 15th. Oppenheimer restated an “outperform” rating and set a $31.00 price target on shares of RXO in a research note on Tuesday, September 17th. Finally, Morgan Stanley boosted their price objective on RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th.

Institutional Trading of RXO

Several hedge funds and other institutional investors have recently made changes to their positions in RXO. Nomura Asset Management Co. Ltd. raised its holdings in RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of RXO by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after buying an additional 510 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of RXO by 2,235.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock worth $80,000 after buying an additional 3,487 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of RXO in the 2nd quarter valued at approximately $112,000. Finally, KBC Group NV boosted its stake in shares of RXO by 28.1% in the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after buying an additional 890 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Stock Down 0.9 %

Shares of NYSE RXO opened at $27.25 on Friday. The business has a 50-day moving average of $27.85 and a two-hundred day moving average of $26.04. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -13.76, a price-to-earnings-growth ratio of 15.00 and a beta of 1.33. RXO has a 1 year low of $18.75 and a 1 year high of $32.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33.

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