Brokerages Set RXO, Inc. (NYSE:RXO) Price Target at $25.80

Shares of RXO, Inc. (NYSE:RXO) have been assigned a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.80.

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group reduced their price objective on RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Morgan Stanley decreased their price objective on RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on RXO in a report on Friday, March 7th. They issued a “hold” rating and a $19.00 price target on the stock.

RXO Price Performance

RXO stock opened at $18.55 on Friday. The business’s fifty day moving average is $21.91 and its two-hundred day moving average is $25.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The firm has a market cap of $3.03 billion, a P/E ratio of -8.75, a P/E/G ratio of 4.55 and a beta of 1.67. RXO has a 52 week low of $17.50 and a 52 week high of $32.82.

RXO (NYSE:RXO) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Equities research analysts forecast that RXO will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in RXO by 13.2% in the fourth quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock worth $410,137,000 after purchasing an additional 2,009,937 shares during the period. FIL Ltd raised its stake in RXO by 10.4% during the 4th quarter. FIL Ltd now owns 6,327,889 shares of the company’s stock worth $150,857,000 after buying an additional 596,158 shares during the period. State Street Corp lifted its holdings in RXO by 13.3% during the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock worth $143,498,000 after acquiring an additional 602,741 shares in the last quarter. Geode Capital Management LLC grew its stake in RXO by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company’s stock valued at $80,185,000 after acquiring an additional 307,492 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of RXO by 27.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company’s stock worth $56,629,000 after acquiring an additional 508,330 shares in the last quarter. 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.