RXO, Inc. (NYSE:RXO) Receives $26.47 Average PT from Analysts

Shares of RXO, Inc. (NYSE:RXO - Get Free Report) have been given an average recommendation of "Hold" by the seventeen brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $26.47.

Several brokerages have issued reports on RXO. Oppenheimer reissued an "outperform" rating and issued a $31.00 price objective on shares of RXO in a research note on Tuesday, September 17th. Benchmark reiterated a "hold" rating on shares of RXO in a research note on Tuesday, October 15th. Citigroup downgraded shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 price objective for the company. in a research report on Tuesday, November 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $29.00 target price on shares of RXO in a research report on Monday, November 18th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $31.00 price target on shares of RXO in a report on Monday, November 11th.

Hedge Funds Weigh In On RXO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of RXO during the 3rd quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. lifted its position in shares of RXO by 68.7% in the third 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock valued at $50,000 after acquiring an additional 510 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of RXO during the second quarter valued at $112,000. Finally, KBC Group NV increased its position in RXO by 28.1% during the 3rd quarter. KBC Group NV now owns 4,055 shares of the company's stock worth $114,000 after purchasing an additional 890 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

RXO Stock Performance

Shares of NYSE:RXO traded up $1.50 on Friday, reaching $25.17. The company's stock had a trading volume of 1,046,343 shares, compared to its average volume of 853,322. RXO has a 52-week low of $18.75 and a 52-week high of $32.82. The stock has a market capitalization of $4.05 billion, a P/E ratio of -12.71, a PEG ratio of 15.82 and a beta of 1.32. The stock's 50-day moving average is $27.49 and its two-hundred day moving average is $27.76. 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 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. As a group, sell-side analysts forecast that RXO will post 0.12 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.