Rxo Inc (NYSE:RXO) Given Average Rating of “Hold” by Analysts

Rxo Inc (NYSE:RXO) has received a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $23.8529.

Several brokerages have weighed in on RXO. The Goldman Sachs Group increased their price target on RXO from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. UBS Group lowered their target price on RXO from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday. Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 target price (up from $19.00) on shares of RXO in a report on Thursday, May 7th. Barclays lifted their price target on RXO from $20.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Finally, TD Cowen decreased their price target on RXO from $19.00 to $17.50 and set a “sell” rating for the company in a report on Friday.

RXO Stock Up 0.4%

NYSE:RXO opened at $21.79 on Monday. The firm has a market capitalization of $3.59 billion, a P/E ratio of -35.72 and a beta of 2.10. RXO has a 1-year low of $10.43 and a 1-year high of $29.90. The company’s fifty day moving average price is $26.10 and its 200-day moving average price is $20.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.27 and a quick ratio of 1.27.

RXO (NYSE:RXO) last posted its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. RXO had a negative net margin of 1.72% and a negative return on equity of 0.98%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. As a group, equities research analysts anticipate that RXO will post 0.09 EPS for the current year.

Hedge Funds Weigh In On RXO

Several large investors have recently made changes to their positions in RXO. Oregon Public Employees Retirement Fund raised its position in RXO by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock worth $475,000 after acquiring an additional 600 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in RXO by 18.3% during the first quarter. Public Employees Retirement System of Ohio now owns 4,196 shares of the company’s stock valued at $61,000 after purchasing an additional 649 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of RXO by 1.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 49,406 shares of the company’s stock valued at $624,000 after purchasing an additional 724 shares during the period. City Holding Co. grew its position in shares of RXO by 227.6% in the second quarter. City Holding Co. now owns 1,245 shares of the company’s stock valued at $34,000 after purchasing an additional 865 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of RXO by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 31,634 shares of the company’s stock worth $400,000 after purchasing an additional 972 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

More RXO News

Here are the key news stories impacting RXO this week:

• Positive Sentiment: RXO highlighted market-share gains and profitable volume growth, including a 2% increase in truckload brokerage volume and a record sequential improvement in gross profit per load. Market Share Gains and Improved Profitability Drive Strong Second-Quarter Results for RXO
• Positive Sentiment: The earnings and revenue beats, along with stronger-than-expected operating metrics, helped drive investor enthusiasm and a positive premarket reaction. RXO Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Citizens JMP upgraded RXO from “market perform” to “outperform” and set a $30 price target, while Truist maintained a “buy” rating with a $28 target, both implying meaningful potential upside. Analyst Ratings
• Neutral Sentiment: Citi lowered its price target from $30 to $23 and shifted to a “neutral” rating, reflecting more cautious expectations despite the quarterly beat. Citi Analyst Action
• Negative Sentiment: Some analysis argues that RXO’s strong revenue growth was driven largely by higher freight rates and fuel prices, while gross profit declined and adjusted EBITDA remained flat. Rising working-capital requirements and leverage also raise concerns about the quality and durability of the recovery. RXO Still Unable To Capture Upcycle Economics

About RXO

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.