RXO, Inc. (NYSE:RXO) Receives Average Recommendation of "Hold" from Brokerages

Shares of RXO, Inc. (NYSE:RXO - Get Free Report) have been assigned an average rating of "Hold" from the fourteen research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.67.

RXO has been the subject of several research analyst reports. Jefferies Financial Group dropped their price objective on RXO from $33.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Susquehanna dropped their price target on RXO from $20.00 to $16.00 and set a "negative" rating for the company in a research note on Thursday. Oppenheimer reissued an "outperform" rating and set a $31.00 price objective on shares of RXO in a research report on Tuesday, September 17th. Benchmark restated a "hold" rating on shares of RXO in a report on Tuesday, August 13th. Finally, Morgan Stanley lifted their target price on shares of RXO from $19.00 to $26.00 and gave the company an "equal weight" rating in a research note on Monday, August 12th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RXO. Motco increased its holdings in shares of RXO by 5,450.0% during the first quarter. Motco now owns 2,442 shares of the company's stock valued at $53,000 after acquiring an additional 2,398 shares in the last quarter. TFO Wealth Partners LLC grew its position in RXO by 106,833.3% during the 4th quarter. TFO Wealth Partners LLC now owns 3,208 shares of the company's stock valued at $70,000 after purchasing an additional 3,205 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in RXO by 2,235.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company's stock valued at $80,000 after purchasing an additional 3,487 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in RXO in the second quarter worth about $112,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of RXO by 62.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,181 shares of the company's stock worth $121,000 after buying an additional 1,987 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Trading Up 2.5 %

NYSE:RXO traded up $0.67 during midday trading on Friday, reaching $27.92. 215,908 shares of the stock traded hands, compared to its average volume of 835,096. The stock has a market capitalization of $3.28 billion, a P/E ratio of -302.56, a PEG ratio of 13.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.17 and a current ratio of 1.17. The company has a fifty day moving average of $28.39 and a 200 day moving average of $24.09. RXO has a 12 month low of $16.94 and a 12 month high of $32.82.

RXO (NYSE:RXO - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. The company had revenue of $930.00 million during the quarter, compared to analyst estimates of $934.14 million. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. RXO's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. On average, research analysts predict that RXO will post 0.14 EPS for the current year.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.