RXO (NYSE:RXO - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06, Zacks reports. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%.
RXO Stock Performance
Shares of RXO stock traded down $1.00 on Friday, hitting $20.48. The stock had a trading volume of 1,982,001 shares, compared to its average volume of 1,129,658. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of -9.66, a price-to-earnings-growth ratio of 3.63 and a beta of 1.53. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. RXO has a twelve month low of $18.75 and a twelve month high of $32.82. The business's 50 day moving average is $25.59 and its two-hundred day moving average is $27.43.
Analyst Ratings Changes
A number of analysts recently issued reports on RXO shares. Jefferies Financial Group lowered their target price on RXO from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Citigroup lowered 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. Wells Fargo & Company cut their price objective on RXO from $31.00 to $28.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their target price on shares of RXO from $28.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Benchmark reiterated a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $26.46.
View Our Latest Stock Report on RXO
RXO Company Profile
(
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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.
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