RXO, Inc. (NYSE:RXO) Receives $26.79 Average Target Price from Analysts

RXO, Inc. (NYSE:RXO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the sixteen analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $26.79.

Several analysts have issued reports on the stock. Benchmark reissued a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Citigroup cut RXO from a "buy" rating to a "neutral" rating and set a $33.00 price objective for the company. in a report on Tuesday, November 12th. Susquehanna reduced their target price on RXO from $16.00 to $12.00 and set a "negative" rating on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on shares of RXO from $31.00 to $28.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Finally, Barclays dropped their target price on shares of RXO from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th.

Institutional Trading of RXO

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after buying an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of RXO during the third quarter worth $28,000. Nomura Asset Management Co. Ltd. lifted its holdings 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 purchasing an additional 570 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of RXO by 407.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock worth $43,000 after purchasing an additional 1,445 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in RXO by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock worth $50,000 after buying an additional 510 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Trading Up 0.3 %

Shares of NYSE RXO traded up $0.07 during trading hours on Thursday, hitting $25.97. 275,141 shares of the company traded hands, compared to its average volume of 938,476. The company's 50 day moving average price is $26.45 and its 200 day moving average price is $27.73. RXO has a 12 month low of $18.75 and a 12 month high of $32.82. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of -13.13, a price-to-earnings-growth ratio of 3.72 and a beta of 1.52. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21.

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