RXO (NYSE:RXO) Trading Up 5.2% – Time to Buy?

Shares of Rxo Inc (NYSE:RXO) rose 5.2% during trading on Tuesday . The company traded as high as $13.90 and last traded at $14.2080. Approximately 119,164 shares were traded during trading, a decline of 96% from the average daily volume of 2,689,527 shares. The stock had previously closed at $13.51.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wolfe Research raised shares of RXO from an “underperform” rating to a “peer perform” rating in a research note on Friday, November 14th. Truist Financial lifted their price target on shares of RXO from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Barclays dropped their target price on RXO from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Weiss Ratings restated a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. Finally, TD Cowen reaffirmed a “hold” rating on shares of RXO in a report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, RXO presently has an average rating of “Hold” and an average price target of $16.33.

RXO Stock Up 9.9%

The stock’s 50 day moving average is $14.53 and its 200 day moving average is $15.10. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of -25.60, a price-to-earnings-growth ratio of 7.26 and a beta of 1.74. 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 issued its quarterly earnings results on Friday, February 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). RXO had a negative return on equity of 0.44% and a negative net margin of 1.74%.The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $0.06 earnings per share. RXO’s revenue was down 11.9% compared to the same quarter last year. Analysts forecast that Rxo Inc will post 0.31 EPS for the current year.

Insider Transactions at RXO

In other news, Director Troy A. Cooper purchased 8,317 shares of RXO stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average price of $10.61 per share, for a total transaction of $88,243.37. Following the transaction, the director owned 275,416 shares in the company, valued at $2,922,163.76. The trade was a 3.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On RXO

A number of institutional investors have recently bought and sold shares of RXO. Flagship Harbor Advisors LLC purchased a new position in RXO during the fourth quarter valued at approximately $25,000. AlphaQuest LLC acquired a new position in shares of RXO during the 2nd quarter valued at about $29,000. Geneos Wealth Management Inc. acquired a new stake in shares of RXO in the first quarter worth $30,000. Quarry LP acquired a new position in RXO during the 3rd quarter worth $33,000. Finally, Larson Financial Group LLC grew its holdings in RXO by 146.5% in the 3rd 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 last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

About RXO

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.