RXO, Inc. (NYSE:RXO) Receives Consensus Rating of “Hold” from Analysts

Shares of RXO, Inc. (NYSE:RXO) have been assigned an average rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $20.00.

A number of brokerages have recently weighed in on RXO. Stifel Nicolaus reduced their price objective on shares of RXO from $24.00 to $14.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group reduced their price objective on shares of RXO from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company reduced their price objective on shares of RXO from $20.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. Citigroup restated a “neutral” rating and issued a $18.00 price objective (up from $15.00) on shares of RXO in a research note on Wednesday, May 21st. Finally, Morgan Stanley reduced their price objective on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th.

RXO Price Performance

NYSE RXO opened at $15.90 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2.61 billion, a PE ratio of -7.50, a price-to-earnings-growth ratio of 4.55 and a beta of 1.71. The company has a 50 day moving average price of $14.98 and a two-hundred day moving average price of $20.78. RXO has a 12-month low of $12.19 and a 12-month high of $32.82.

RXO (NYSE:RXO) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. RXO’s quarterly revenue was up 57.0% compared to the same quarter last year. As a group, equities analysts predict that RXO will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RXO

Several institutional investors and hedge funds have recently bought and sold shares of RXO. Blue Trust Inc. increased its holdings in 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 buying an additional 510 shares during the period. Smartleaf Asset Management LLC increased its holdings in RXO by 228.4% in 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. Geneos Wealth Management Inc. bought a new stake in RXO in the 1st quarter valued at $30,000. Larson Financial Group LLC increased its holdings in RXO by 1,990.2% in the 1st quarter. Larson Financial Group LLC now owns 1,714 shares of the company’s stock valued at $33,000 after buying an additional 1,632 shares during the period. Finally, CWM LLC increased its holdings in RXO by 234.4% in the 1st quarter. CWM LLC now owns 1,876 shares of the company’s stock valued at $36,000 after buying an additional 1,315 shares during the period. Institutional investors own 92.73% of the company’s stock.

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.