RXO (NYSE:RXO) Sets New 1-Year Low - Here's Why

RXO, Inc. (NYSE:RXO - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $12.19 and last traded at $12.31, with a volume of 1198246 shares trading hands. The stock had previously closed at $13.24.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley decreased their target price on shares of RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group lowered their price objective on shares of RXO from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Benchmark reissued a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Truist Financial lowered their price target on RXO from $24.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group cut their price objective on RXO from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.40.

RXO Price Performance

The firm has a market cap of $2.21 billion, a P/E ratio of -6.38, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The firm's 50 day moving average is $17.43 and its 200 day moving average is $23.44.

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 analysts' consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. As a group, analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On RXO

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in RXO by 13.2% during the 4th quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company's stock valued at $410,137,000 after purchasing an additional 2,009,937 shares during the last quarter. Norges Bank purchased a new stake in shares of RXO during the fourth quarter valued at $28,342,000. Franklin Resources Inc. lifted its holdings in shares of RXO by 122.6% during the 4th quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company's stock valued at $39,971,000 after buying an additional 923,307 shares during the period. Douglas Lane & Associates LLC increased its position in RXO by 34.3% during the first quarter. Douglas Lane & Associates LLC now owns 3,591,040 shares of the company's stock valued at $68,589,000 after acquiring an additional 916,379 shares during the last quarter. Finally, FIL Ltd lifted its holdings in RXO by 10.4% in the fourth quarter. FIL Ltd now owns 6,327,889 shares of the company's stock valued at $150,857,000 after acquiring an additional 596,158 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.