Rxo Inc (NYSE:RXO) Receives Consensus Rating of “Hold” from Analysts

Shares of Rxo Inc (NYSE:RXO) have been assigned an average rating of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $20.0769.

RXO has been the subject of several research reports. Susquehanna lifted their price target on RXO from $14.00 to $18.00 and gave the company a “negative” rating in a report on Friday, May 8th. TD Cowen lifted their price target on RXO from $14.00 to $21.00 and gave the company a “hold” rating in a report on Friday, May 8th. Stifel Nicolaus upgraded RXO from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Friday, May 15th. Barclays lifted their price target on RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Stephens set a $15.00 price target on RXO in a report on Monday, February 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RXO. Finepoint Capital LP bought a new position in shares of RXO in the 3rd quarter valued at approximately $111,764,000. Orbis Allan Gray Ltd increased its position in RXO by 6.5% in the 4th quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock worth $438,327,000 after buying an additional 2,104,597 shares during the period. Franklin Resources Inc. increased its position in RXO by 91.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,328,843 shares of the company’s stock worth $35,818,000 after buying an additional 1,110,530 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of RXO during the 4th quarter worth approximately $11,224,000. Finally, Wellington Management Group LLP grew its holdings in shares of RXO by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock worth $153,780,000 after purchasing an additional 735,810 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

RXO Stock Up 10.7%

Shares of RXO stock opened at $21.14 on Wednesday. The stock has a 50-day moving average price of $16.64 and a 200 day moving average price of $15.13. The company has a market cap of $3.49 billion, a P/E ratio of -34.66, a P/E/G ratio of 21.24 and a beta of 1.96. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. RXO has a 1 year low of $10.43 and a 1 year high of $23.37.

RXO (NYSE:RXO) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) EPS. As a group, analysts expect that RXO will post 0.06 EPS for the current fiscal year.

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.