RXO's (RXO) Neutral Rating Reiterated at The Goldman Sachs Group

RXO (NYSE:RXO - Get Free Report)'s stock had its "neutral" rating restated by The Goldman Sachs Group in a research report issued on Monday, Marketbeat Ratings reports. They presently have a $29.00 price target on the stock. The Goldman Sachs Group's price objective indicates a potential upside of 6.93% from the company's current price.

A number of other research analysts have also commented on RXO. Benchmark reissued a "hold" rating on shares of RXO in a report on Tuesday, October 15th. UBS Group upped their target price on shares of RXO from $22.00 to $31.00 and gave the company a "neutral" rating in a research note on Thursday, August 8th. Citigroup cut shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 price target for the company. in a research note on Tuesday, November 12th. Oppenheimer reiterated an "outperform" rating and issued a $31.00 price objective on shares of RXO in a research note on Tuesday, September 17th. Finally, Morgan Stanley raised their target price on RXO from $19.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, RXO presently has a consensus rating of "Hold" and an average price target of $26.47.

RXO Stock Down 0.5 %

RXO stock traded down $0.13 during mid-day trading on Monday, hitting $27.12. 642,640 shares of the company were exchanged, compared to its average volume of 860,581. The company has a market capitalization of $4.36 billion, a PE ratio of -13.76, a price-to-earnings-growth ratio of 14.68 and a beta of 1.33. RXO has a twelve month low of $18.75 and a twelve month high of $32.82. The firm has a fifty day simple moving average of $27.85 and a 200 day simple moving average of $26.14. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $956.19 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The firm's revenue was up 6.6% compared to the same quarter last year. On average, research analysts forecast that RXO will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RXO

Several institutional investors have recently modified their holdings of the business. UniSuper Management Pty Ltd purchased a new position in shares of RXO in the 1st quarter worth about $542,000. Boston Partners lifted its stake in RXO by 150.0% during the first quarter. Boston Partners now owns 42,526 shares of the company's stock worth $930,000 after purchasing an additional 25,519 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of RXO by 225.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 108,847 shares of the company's stock valued at $2,380,000 after buying an additional 75,395 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in RXO by 1,459.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company's stock worth $42,574,000 after purchasing an additional 1,523,650 shares during the last quarter. Finally, Swedbank AB purchased a new stake in RXO during the first quarter valued at about $76,982,000. 92.73% of the stock is owned by institutional investors.

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.