Brokerages Set RXO, Inc. (NYSE:RXO) Target Price at $26.29

Shares of RXO, Inc. (NYSE:RXO - Get Free Report) have received an average recommendation of "Hold" from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $26.29.

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $31.00 price target on shares of RXO in a research report on Monday, November 11th. Susquehanna dropped their price objective on shares of RXO from $16.00 to $12.00 and set a "negative" rating on the stock in a research note on Tuesday. Jefferies Financial Group decreased their target price on shares of RXO from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. Benchmark reiterated a "hold" rating on shares of RXO in a research report on Tuesday, October 15th. Finally, TD Cowen boosted their price target on RXO from $23.00 to $28.00 and gave the stock a "hold" rating in a research report on Thursday, August 8th.

RXO Price Performance

Shares of NYSE RXO traded down $0.24 during mid-day trading on Friday, reaching $27.25. The company's stock had a trading volume of 859,601 shares, compared to its average volume of 861,563. The firm has a market capitalization of $4.38 billion, a PE ratio of -13.76, a P/E/G ratio of 15.00 and a beta of 1.33. The stock has a fifty day moving average of $27.85 and a two-hundred day moving average of $26.09. RXO has a 52 week low of $18.75 and a 52 week high of $32.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $956.19 million. During the same quarter in the previous year, the business earned $0.05 EPS. RXO's revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that RXO will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On RXO

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock worth $50,000 after purchasing an additional 510 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock valued at $39,000 after acquiring an additional 570 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of RXO by 2.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,537 shares of the company's stock valued at $668,000 after purchasing an additional 575 shares during the period. Glenmede Trust Co. NA boosted its position in shares of RXO by 4.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,923 shares of the company's stock worth $390,000 after purchasing an additional 650 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of RXO by 2.3% during the second quarter. Arizona State Retirement System now owns 32,906 shares of the company's stock worth $860,000 after purchasing an additional 751 shares during the period. Institutional investors own 92.73% of the company's stock.

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.