Rxo Inc (NYSE:RXO) Receives Consensus Recommendation of “Hold” from Brokerages

Rxo Inc (NYSE:RXO) has received a consensus recommendation of “Hold” from the sixteen research firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $20.0769.

Several equities research analysts recently weighed in on the company. Citigroup upped their price target on RXO from $17.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wells Fargo & Company upped their price target on RXO from $15.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Bank of America reduced their price target on RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Weiss Ratings raised RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Finally, Stifel Nicolaus raised RXO from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, May 15th.

RXO Price Performance

RXO opened at $28.48 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. RXO has a 52-week low of $10.43 and a 52-week high of $29.86. The stock has a market capitalization of $4.70 billion, a PE ratio of -46.69, a price-to-earnings-growth ratio of 30.10 and a beta of 2.08. The stock’s 50 day moving average price is $21.32 and its 200-day moving average price is $16.78.

RXO (NYSE:RXO) last posted its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm earned ($0.03) earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that RXO will post 0.06 EPS for the current year.

Institutional Investors Weigh In On RXO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RXO. Finepoint Capital LP purchased a new stake in RXO in the third quarter worth $111,764,000. Orbis Allan Gray Ltd grew its stake in RXO by 6.5% in the fourth quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock worth $438,327,000 after purchasing an additional 2,104,597 shares during the period. Franklin Resources Inc. grew its stake in RXO by 91.2% in the third quarter. Franklin Resources Inc. now owns 2,328,843 shares of the company’s stock worth $35,818,000 after purchasing an additional 1,110,530 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in RXO in the fourth quarter worth $11,224,000. Finally, Wellington Management Group LLP grew its stake in RXO by 7.9% in the third 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 during the period. 92.73% of the stock is owned by hedge funds and other 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.