RXO, Inc. (NYSE:RXO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of RXO, Inc. (NYSE:RXO) have earned a consensus recommendation of “Hold” from the fifteen research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $26.85.

A number of research firms have issued reports on RXO. Susquehanna reduced 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. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 target price on shares of RXO in a report on Monday, November 18th. Citigroup lowered shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a report on Tuesday, November 12th. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. Finally, Oppenheimer restated an “outperform” rating and issued a $31.00 target price on shares of RXO in a research note on Tuesday, September 17th.

Institutional Trading of RXO

A number of institutional investors have recently made changes to their positions in the company. Arizona State Retirement System raised its holdings in RXO by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 32,906 shares of the company’s stock valued at $860,000 after acquiring an additional 751 shares during the last quarter. Emerald Advisers LLC lifted its position in RXO by 0.4% during the second quarter. Emerald Advisers LLC now owns 443,386 shares of the company’s stock worth $11,595,000 after buying an additional 1,775 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in RXO by 2.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 25,537 shares of the company’s stock worth $668,000 after buying an additional 575 shares during the last quarter. WINTON GROUP Ltd grew its holdings in RXO by 57.3% in the 2nd quarter. WINTON GROUP Ltd now owns 300,255 shares of the company’s stock valued at $7,852,000 after buying an additional 109,349 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of RXO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company’s stock worth $53,153,000 after acquiring an additional 176,041 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Price Performance

Shares of RXO opened at $25.22 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The company’s fifty day moving average price is $27.22 and its 200-day moving average price is $27.80. RXO has a 1-year low of $18.75 and a 1-year high of $32.82. The firm has a market capitalization of $4.06 billion, a PE ratio of -12.74, a price-to-earnings-growth ratio of 15.82 and a beta of 1.52.

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

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.