Rxo Inc (NYSE:RXO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Rxo Inc (NYSE:RXO) have earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.0714.

RXO has been the subject of several analyst reports. Bank of America lowered their target price on shares of RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Barclays boosted their price target on shares of RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Stifel Nicolaus set a $15.00 price objective on shares of RXO in a research report on Thursday, February 5th. Stephens set a $15.00 price objective on shares of RXO in a research note on Monday, February 9th. Finally, Citigroup lifted their target price on shares of RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th.

RXO Stock Up 0.1%

Shares of NYSE:RXO opened at $14.95 on Tuesday. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -25.77, a PEG ratio of 11.83 and a beta of 1.65. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. RXO has a 12-month low of $10.43 and a 12-month high of $18.69. The business’s 50 day moving average is $14.67 and its 200 day moving average is $14.76.

RXO (NYSE:RXO) last released its quarterly earnings results on Friday, February 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that RXO will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of RXO

Hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its stake in RXO by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock valued at $475,000 after purchasing an additional 600 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of RXO by 6.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company’s stock worth $176,000 after purchasing an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of RXO by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company’s stock worth $345,000 after purchasing an additional 661 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of RXO by 0.6% in the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock worth $1,793,000 after buying an additional 700 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of RXO by 27.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock worth $49,000 after buying an additional 701 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.