RXO (NYSE:RXO) Raised to “Hold” at Zacks Research

RXO (NYSE:RXO) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

RXO has been the topic of a number of other research reports. Stephens set a $15.00 price target on shares of RXO in a research report on Monday, February 9th. UBS Group reaffirmed a “neutral” rating on shares of RXO in a research report on Sunday, February 8th. TD Cowen reaffirmed a “hold” rating on shares of RXO in a research report on Friday, January 9th. Susquehanna upped their price target on shares of RXO from $10.00 to $11.00 and gave the company a “negative” rating in a research report on Thursday, January 8th. Finally, Citigroup upped their price target on shares of RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RXO currently has a consensus rating of “Hold” and an average price target of $16.07.

RXO Trading Up 8.5%

Shares of RXO stock traded up $1.31 during trading on Monday, hitting $16.80. The company’s stock had a trading volume of 149,969 shares, compared to its average volume of 2,299,484. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. RXO has a 52 week low of $10.43 and a 52 week high of $18.69. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -29.02, a price-to-earnings-growth ratio of 11.83 and a beta of 1.65. The stock has a 50-day moving average price of $14.69 and a two-hundred day moving average price of $14.72.

RXO (NYSE:RXO) last issued its quarterly earnings data on Friday, February 6th. The company reported ($0.07) earnings per share 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 return on equity of 0.44% and a negative net margin of 1.74%.The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. Equities research analysts anticipate that RXO will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On RXO

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its position in shares of RXO by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock worth $475,000 after purchasing an additional 600 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of RXO by 6.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company’s stock worth $176,000 after purchasing an additional 654 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of RXO by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company’s stock worth $345,000 after purchasing an additional 661 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of RXO by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock worth $1,793,000 after purchasing an additional 700 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted 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 worth $49,000 after purchasing an additional 701 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

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.