RXO (NYSE:RXO) Receives "Hold" Rating from Benchmark

RXO (NYSE:RXO - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at Benchmark in a note issued to investors on Tuesday, Benzinga reports.

RXO has been the subject of several other reports. Jefferies Financial Group decreased their price objective on shares of RXO from $33.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Morgan Stanley upped their price objective on shares of RXO from $19.00 to $26.00 and gave the stock an "equal weight" rating in a report on Monday, August 12th. Susquehanna decreased their price objective on shares of RXO from $20.00 to $16.00 and set a "negative" rating for the company in a report on Thursday, September 26th. Oppenheimer restated an "outperform" rating and issued a $31.00 price objective on shares of RXO in a report on Tuesday, September 17th. Finally, Barclays upped their price objective on shares of RXO from $24.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $26.23.

RXO Trading Down 1.8 %

Shares of RXO stock traded down $0.52 during trading on Tuesday, reaching $29.14. The company's stock had a trading volume of 886,505 shares, compared to its average volume of 860,646. RXO has a 52-week low of $16.94 and a 52-week high of $32.82. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -323.78, a PEG ratio of 12.47 and a beta of 1.34. The firm's 50-day moving average is $27.76 and its two-hundred day moving average is $24.80. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.64.

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

Institutional Trading of RXO

Several institutional investors have recently bought and sold shares of the company. Douglas Lane & Associates LLC boosted its holdings in shares of RXO by 2.6% during the 1st quarter. Douglas Lane & Associates LLC now owns 2,646,147 shares of the company's stock valued at $57,871,000 after acquiring an additional 66,757 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of 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 during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of RXO during the 1st quarter valued at about $542,000. Boston Partners boosted its holdings in shares of RXO by 150.0% during the 1st quarter. Boston Partners now owns 42,526 shares of the company's stock valued at $930,000 after acquiring an additional 25,519 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of RXO by 225.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 108,847 shares of the company's stock valued at $2,380,000 after acquiring an additional 75,395 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.