RXO, Inc. (NYSE:RXO) Receives Average Rating of "Hold" from Analysts

Shares of RXO, Inc. (NYSE:RXO - Get Free Report) have received a consensus rating of "Hold" from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $26.46.

Several research firms have recently commented on RXO. Citigroup lowered shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 price target on the stock. in a research report on Tuesday, November 12th. Susquehanna reduced their price target on shares of RXO from $16.00 to $12.00 and set a "negative" rating for the company in a report on Tuesday, November 12th. Benchmark restated a "hold" rating on shares of RXO in a report on Wednesday, January 15th. Wells Fargo & Company reduced their target price on RXO from $31.00 to $28.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group decreased their price target on RXO from $28.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th.

RXO Price Performance

RXO traded up $0.04 on Monday, hitting $19.89. 926,206 shares of the company's stock traded hands, compared to its average volume of 1,169,179. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The company's 50 day simple moving average is $23.70 and its 200-day simple moving average is $26.58. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of -9.38, a P/E/G ratio of 4.55 and a beta of 1.53. RXO has a one year low of $18.75 and a one year high of $32.82.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of RXO by 79.7% during the fourth 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 in the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC raised its holdings in shares of RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock valued at $30,000 after buying an additional 868 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake 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 buying an additional 570 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in RXO by 407.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock valued at $43,000 after purchasing an additional 1,445 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.