Rxo Inc (NYSE:RXO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Rxo Inc (NYSE:RXO) have received an average rating of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $23.8529.

Several brokerages have commented on RXO. Truist Financial cut their price target on shares of RXO from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Morgan Stanley restated an “equal weight” rating and issued a $22.00 price objective (up from $19.00) on shares of RXO in a report on Thursday, May 7th. TD Cowen dropped their target price on RXO from $19.00 to $17.50 and set a “sell” rating on the stock in a report on Friday, August 7th. Weiss Ratings upgraded RXO from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. Finally, Barclays increased their price target on RXO from $20.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th.

RXO Price Performance

NYSE RXO opened at $22.33 on Friday. The firm’s 50 day moving average is $24.68 and its 200-day moving average is $20.79. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $3.68 billion, a PE ratio of -36.60 and a beta of 2.10. RXO has a 12-month low of $10.43 and a 12-month high of $29.90.

RXO (NYSE:RXO) last announced its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.63 billion. RXO had a negative net margin of 1.72% and a negative return on equity of 0.98%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. Equities research analysts anticipate that RXO will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RXO

Several large investors have recently made changes to their positions in RXO. Oregon Public Employees Retirement Fund grew its stake in shares of RXO by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock valued at $475,000 after buying an additional 600 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in RXO by 18.3% during the first quarter. Public Employees Retirement System of Ohio now owns 4,196 shares of the company’s stock worth $61,000 after acquiring an additional 649 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in RXO by 1.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 49,406 shares of the company’s stock valued at $624,000 after acquiring an additional 724 shares during the last quarter. City Holding Co. lifted its stake in RXO by 227.6% in the second quarter. City Holding Co. now owns 1,245 shares of the company’s stock valued at $34,000 after acquiring an additional 865 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of RXO by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 31,634 shares of the company’s stock valued at $400,000 after acquiring an additional 972 shares during the period. Institutional investors and hedge funds 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.