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

RXO, Inc. (NYSE:RXO) has earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $26.23.

RXO has been the topic of several research analyst reports. Oppenheimer restated an “outperform” rating and set a $31.00 target price on shares of RXO in a research report on Tuesday, September 17th. JPMorgan Chase & Co. upped their target price on RXO from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. Susquehanna cut their target price on RXO from $20.00 to $16.00 and set a “negative” rating on the stock in a research report on Thursday, September 26th. Citigroup initiated coverage on RXO in a research report on Wednesday, October 9th. They set a “buy” rating and a $33.00 target price on the stock. Finally, TD Cowen upped their target price on RXO from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, August 8th.

RXO Trading Up 0.4 %

NYSE RXO opened at $28.16 on Tuesday. The business’s 50-day moving average price is $27.83 and its two-hundred day moving average price is $25.18. RXO has a 12 month low of $16.94 and a 12 month high of $32.82. The firm has a market capitalization of $3.90 billion, a PE ratio of -156.44, a price-to-earnings-growth ratio of 12.61 and a beta of 1.34. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64.

RXO (NYSE:RXO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The firm had revenue of $930.00 million for the quarter, compared to analyst estimates of $934.14 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s revenue was down 3.4% on a year-over-year basis. On average, analysts expect that RXO will post 0.15 EPS for the current year.

Institutional Trading of RXO

Several institutional investors and hedge funds have recently modified their holdings of RXO. GAMMA Investing LLC increased its position in shares of RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after acquiring an additional 510 shares during the last quarter. Motco increased its position in shares of RXO by 5,450.0% during the first quarter. Motco now owns 2,442 shares of the company’s stock valued at $53,000 after acquiring an additional 2,398 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of RXO by 2,235.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock valued at $80,000 after acquiring an additional 3,487 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of RXO during the second quarter valued at approximately $112,000. Finally, PNC Financial Services Group Inc. increased its position in shares of RXO by 62.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,181 shares of the company’s stock valued at $121,000 after acquiring an additional 1,987 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.