RXO (NYSE:RXO) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of RXO (NYSE:RXO) from a sell rating to a hold rating in a research report released on Saturday morning.

Other analysts also recently issued research reports about the stock. Susquehanna raised their price target on shares of RXO from $14.00 to $18.00 and gave the stock a “negative” rating in a research report on Friday. Stephens set a $15.00 price target on shares of RXO in a research report on Monday, February 9th. UBS Group raised their price target on shares of RXO from $17.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays raised their price target on shares of RXO from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Benchmark reissued a “hold” rating on shares of RXO in a research report on Monday, February 9th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $19.54.

RXO Trading Down 5.7%

RXO opened at $21.80 on Friday. The firm has a market capitalization of $3.59 billion, a P/E ratio of -35.74, a P/E/G ratio of 38.89 and a beta of 1.96. The firm’s 50 day moving average is $15.96 and its 200-day moving average is $15.01. RXO has a 52-week low of $10.43 and a 52-week high of $23.37. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.28.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) earnings per share. Analysts expect that RXO will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On RXO

Hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC acquired a new position in RXO in the fourth quarter worth $25,000. Cassaday & Co Wealth Management LLC acquired a new position in RXO in the first quarter worth $29,000. Geneos Wealth Management Inc. acquired a new position in RXO in the first quarter worth $30,000. Quarry LP acquired a new position in RXO in the third quarter worth $33,000. Finally, Larson Financial Group LLC boosted its holdings in RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after purchasing an additional 1,644 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Key Headlines Impacting RXO

Here are the key news stories impacting RXO this week:

• Positive Sentiment: RXO reported Q1 adjusted results that matched EPS expectations and beat revenue estimates, helping ease concerns about demand trends and Amazon-related weakness. RXO Announces First-Quarter Results and Second-Quarter Outlook
• Positive Sentiment: The company’s Q2 outlook also topped Street expectations, with management projecting $27 million to $37 million in adjusted EBITDA and saying contract rates are trending toward high-single-digit gains. RXO expects $27M-$37M Q2 adjusted EBITDA…
• Positive Sentiment: Management said brokerage momentum is improving, full truckload volume strengthened through the quarter, and higher spot mix should support margins going forward. RXO raises contract rate outlook as Q2 profit seen higher
• Neutral Sentiment: Analysts raised price targets after the report, with TD Cowen lifting its target to $21 and Susquehanna increasing its target to $18, but both firms kept cautious ratings. Analyst updates on RXO
• Negative Sentiment: RXO still posted a quarterly loss, and revenue was slightly down year over year, so investors remain focused on whether improved pricing and volume can translate into sustained profitability. RXO Reports Q1 Loss…

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.