Rxo Inc (NYSE:RXO) Receives Consensus Rating of “Hold” from Brokerages

Rxo Inc (NYSE:RXO) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.0714.

Several research analysts have weighed in on RXO shares. UBS Group reissued a “neutral” rating on shares of RXO in a research report on Sunday, February 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. Zacks Research downgraded shares of RXO from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Stephens set a $15.00 price target on shares of RXO in a research report on Monday, February 9th. Finally, Citigroup raised their price objective on shares of RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, February 9th.

Institutional Investors Weigh In On RXO

Several large investors have recently modified their holdings of RXO. Geneos Wealth Management Inc. purchased a new position in RXO in the first quarter valued at approximately $30,000. Flagship Harbor Advisors LLC purchased a new stake in RXO in the fourth quarter worth $25,000. Quarry LP bought a new stake in shares of RXO in the third quarter valued at $33,000. Larson Financial Group LLC raised its stake in shares of RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after buying an additional 1,644 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of RXO by 27.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after buying an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Price Performance

RXO stock opened at $13.77 on Tuesday. RXO has a 52 week low of $10.43 and a 52 week high of $19.65. The company’s 50 day moving average price is $14.71 and its two-hundred day moving average price is $14.80. The stock has a market cap of $2.26 billion, a P/E ratio of -23.73, a P/E/G ratio of 10.90 and a beta of 1.67. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25.

RXO (NYSE:RXO) last released its earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The business’s revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. On average, equities analysts predict that RXO will post 0.31 earnings per share for the current year.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.