RXO, Inc. (NYSE:RXO) Given Average Rating of "Hold" by Analysts

Shares of RXO, Inc. (NYSE:RXO - Get Free Report) have been given a consensus rating of "Hold" by the fifteen analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $26.23.

Several equities research analysts have recently weighed in on RXO shares. TD Cowen upped their price target on RXO from $23.00 to $28.00 and gave the company a "hold" rating in a research report on Thursday, August 8th. Morgan Stanley boosted their price objective 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. Oppenheimer reiterated an "outperform" rating and issued a $31.00 target price on shares of RXO in a research note on Tuesday, September 17th. Susquehanna reduced their price target on shares of RXO from $20.00 to $16.00 and set a "negative" rating for the company in a research report on Thursday, September 26th. Finally, Jefferies Financial Group decreased their price target on shares of RXO from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RXO. Wellington Management Group LLP grew its stake in shares of RXO by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 1,777,512 shares of the company's stock valued at $41,345,000 after buying an additional 138,365 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in 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 acquiring an additional 1,987 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in RXO in the first quarter worth $2,283,000. Allspring Global Investments Holdings LLC boosted its stake in shares of 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. Finally, GSA Capital Partners LLP boosted its position in RXO by 433.8% during the 1st quarter. GSA Capital Partners LLP now owns 56,002 shares of the company's stock valued at $1,225,000 after acquiring an additional 45,510 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Stock Performance

Shares of RXO stock traded down $0.03 during trading on Tuesday, reaching $28.92. 349,823 shares of the company's stock traded hands, compared to its average volume of 858,489. The firm's 50-day moving average is $27.81 and its 200 day moving average is $25.02. The company has a market capitalization of $4.01 billion, a P/E ratio of -160.66, a PEG ratio of 12.74 and a beta of 1.34. RXO has a 1 year low of $16.94 and a 1 year high of $32.82. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64.

RXO (NYSE:RXO - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The firm had revenue of $930.00 million for the quarter, compared to the consensus estimate of $934.14 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. The business's quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts expect that RXO will post 0.15 EPS for the current year.

RXO Company Profile

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.