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

Shares of RXO, Inc. (NYSE:RXO) have been given a consensus rating of “Hold” by the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.47.

A number of brokerages have commented on RXO. Benchmark reissued a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Tuesday, November 12th. Wells Fargo & Company restated an “equal weight” rating and issued a $31.00 target price on shares of RXO in a report on Monday, November 11th. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 target price on shares of RXO in a report on Monday, November 18th. Finally, Susquehanna dropped their target price on RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a report on Tuesday, November 12th.

RXO Trading Down 0.9 %

NYSE RXO opened at $28.36 on Wednesday. The business has a 50 day simple moving average of $28.64 and a 200 day simple moving average of $27.14. RXO has a one year low of $18.75 and a one year high of $32.82. The stock has a market capitalization of $4.56 billion, a P/E ratio of -14.32, a P/E/G ratio of 16.55 and a beta of 1.32. 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 released its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $956.19 million. During the same quarter last year, the firm posted $0.05 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Research analysts expect that RXO will post 0.12 earnings per share for the current year.

Institutional Trading of RXO

A number of large investors have recently bought and sold shares of RXO. MFN Partners Management LP increased its position in RXO by 11.0% in the second quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock worth $452,679,000 after buying an additional 1,722,301 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of RXO by 1,459.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company’s stock valued at $42,574,000 after purchasing an additional 1,523,650 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of RXO in the third quarter valued at $27,964,000. Zimmer Partners LP purchased a new position in shares of RXO in the third quarter valued at $22,680,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of RXO in the second quarter valued at $19,965,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.