RXO (NYSE:RXO) Shares Down 7.2% - Should You Sell?

RXO, Inc. (NYSE:RXO - Get Free Report)'s share price traded down 7.2% during mid-day trading on Wednesday . The company traded as low as $22.95 and last traded at $23.43. 86,583 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 927,466 shares. The stock had previously closed at $25.26.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RXO shares. Barclays decreased their price objective on shares of RXO from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Morgan Stanley lowered their price target on shares of RXO from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday. The Goldman Sachs Group dropped their price objective on shares of RXO from $28.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday. Wells Fargo & Company dropped their target price on RXO from $31.00 to $28.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group reduced their target price on shares of RXO from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.46.

RXO Trading Down 4.6 %

The company has a market capitalization of $3.29 billion, a P/E ratio of -9.66, a PEG ratio of 3.63 and a beta of 1.53. 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 business's 50-day moving average price is $25.59 and its two-hundred day moving average price is $27.43.

RXO (NYSE:RXO - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting 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 forecast that RXO, Inc. will post 0.39 EPS for the current fiscal year.

Institutional Trading of RXO

Hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of RXO during the third quarter worth $28,000. Blue Trust Inc. raised its stake in shares of RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after purchasing an additional 510 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock valued at $30,000 after purchasing an additional 868 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock worth $39,000 after buying an additional 570 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock worth $50,000 after buying an additional 510 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

About RXO

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.