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

Rxo Inc (NYSE:RXO) has received an average rating of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.6923.

A number of brokerages recently weighed in on RXO. Benchmark reaffirmed a “hold” rating on shares of RXO in a research report on Wednesday, October 22nd. Zacks Research lowered RXO from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of RXO in a research report on Monday. UBS Group reduced their price objective on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, Wolfe Research raised RXO from an “underperform” rating to a “peer perform” rating in a research report on Friday, November 14th.

Insider Activity at RXO

In other news, Director Thomas A. Szlosek bought 20,308 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $12.37 per share, for a total transaction of $251,209.96. Following the transaction, the director owned 36,508 shares in the company, valued at approximately $451,603.96. This trade represents a 125.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Troy A. Cooper purchased 8,317 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was purchased at an average price of $10.61 per share, for a total transaction of $88,243.37. Following the purchase, the director directly owned 275,416 shares of the company’s stock, valued at $2,922,163.76. This trade represents a 3.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 40,250 shares of company stock worth $488,875 in the last ninety days. 1.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. AlphaQuest LLC bought a new position in shares of RXO in the second quarter worth $29,000. Geneos Wealth Management Inc. acquired a new stake in RXO in the first quarter worth about $30,000. Quarry LP bought a new position in RXO in the 3rd quarter valued at about $33,000. CWM LLC increased its stake in RXO by 234.4% during 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. Finally, Larson Financial Group LLC raised its position in shares of RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after buying an additional 1,644 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Stock Performance

RXO stock opened at $12.97 on Wednesday. The stock’s 50 day simple moving average is $15.44 and its 200 day simple moving average is $15.85. RXO has a 12-month low of $10.43 and a 12-month high of $31.11. The firm has a market cap of $2.13 billion, a P/E ratio of -30.15 and a beta of 1.67. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24.

RXO (NYSE:RXO) last released its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). RXO had a negative net margin of 1.25% and a positive return on equity of 0.88%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. As a group, equities research analysts predict that RXO will post 0.31 EPS for the current year.

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.