RXO, Inc. (NYSE:RXO) Receives $20.00 Average Target Price from Brokerages

RXO, Inc. (NYSE:RXO) has received a consensus rating of “Hold” from the sixteen research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.00.

A number of brokerages recently commented on RXO. Stifel Nicolaus decreased their target price on RXO from $24.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, May 8th. Jefferies Financial Group decreased their target price on RXO from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Bank of America raised their target price on RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Oppenheimer cut RXO from an “outperform” rating to a “market perform” rating in a report on Friday, April 4th. Finally, Wells Fargo & Company decreased their target price on RXO from $20.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th.

Institutional Investors Weigh In On RXO

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of RXO in the fourth quarter worth about $1,588,000. Charles Schwab Investment Management Inc. increased its holdings in shares of RXO by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock worth $51,138,000 after purchasing an additional 76,653 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of RXO by 111.5% in the fourth quarter. JPMorgan Chase & Co. now owns 575,286 shares of the company’s stock worth $13,715,000 after purchasing an additional 303,224 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of RXO by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 849,340 shares of the company’s stock worth $20,248,000 after purchasing an additional 88,110 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of RXO by 7.4% in the fourth quarter. Bank of New York Mellon Corp now owns 939,846 shares of the company’s stock worth $22,406,000 after purchasing an additional 64,522 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

RXO Stock Performance

RXO stock opened at $16.51 on Wednesday. The company has a market cap of $2.71 billion, a P/E ratio of -7.79, a price-to-earnings-growth ratio of 4.55 and a beta of 1.73. RXO has a 1 year low of $12.19 and a 1 year high of $32.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The stock’s fifty day moving average price is $14.75 and its 200-day moving average price is $20.38.

RXO (NYSE:RXO) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.51 billion. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. The business’s quarterly revenue was up 57.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share. On average, equities analysts forecast that RXO will post 0.31 earnings per share 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.