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

Shares of RXO, Inc. (NYSE:RXO - Get Free Report) have been given a consensus recommendation of "Hold" by the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $25.80.

RXO has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Truist Financial began coverage on RXO in a research report on Thursday, March 13th. They issued a "buy" rating and a $24.00 price objective for the company. Benchmark restated a "hold" rating on shares of RXO in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft started coverage on RXO in a research note on Friday, March 7th. They set a "hold" rating and a $19.00 target price for the company. Finally, Wells Fargo & Company cut their price target on RXO from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th.

RXO Trading Up 0.7 %

Shares of RXO stock traded up $0.14 during trading on Friday, hitting $19.17. The company's stock had a trading volume of 1,514,845 shares, compared to its average volume of 995,460. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of -9.04, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The stock has a 50-day moving average price of $21.80 and a two-hundred day moving average price of $25.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. RXO has a 52 week low of $17.50 and a 52 week high of $32.82.

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RXO (NYSE:RXO - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. Equities research analysts anticipate that RXO will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On RXO

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of RXO by 24.8% during the fourth quarter. Wellington Management Group LLP now owns 1,952,884 shares of the company's stock valued at $46,557,000 after acquiring an additional 387,766 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of RXO by 48.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,115 shares of the company's stock worth $432,000 after purchasing an additional 5,874 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of RXO in the 4th quarter worth about $3,738,000. Mackenzie Financial Corp grew its position in RXO by 37.2% during the fourth quarter. Mackenzie Financial Corp now owns 9,967 shares of the company's stock valued at $238,000 after buying an additional 2,700 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in RXO by 15.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 285,504 shares of the company's stock worth $6,806,000 after buying an additional 37,916 shares during the last quarter. 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.