Analysts Set RXO, Inc. (NYSE:RXO) Price Target at $26.29

RXO, Inc. (NYSE:RXO) has been given a consensus recommendation of “Hold” by the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $26.47.

A number of brokerages have recently commented on RXO. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $31.00 target price on shares of RXO in a report on Monday, November 11th. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Tuesday, October 15th. Susquehanna decreased their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. TD Cowen boosted their price target on RXO from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Finally, UBS Group increased their price objective on RXO from $22.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th.

RXO Stock Performance

NYSE RXO opened at $27.12 on Friday. The company has a fifty day moving average of $27.85 and a two-hundred day moving average of $26.19. The company has a market capitalization of $4.36 billion, a PE ratio of -13.70, a P/E/G ratio of 14.68 and a beta of 1.33. RXO has a 1 year low of $18.75 and a 1 year high of $32.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33.

RXO (NYSE:RXO) last announced its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. As a group, analysts expect that RXO will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MFN Partners Management LP increased its position in shares of RXO by 11.0% in the second quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock valued at $452,679,000 after buying an additional 1,722,301 shares in the last quarter. Vanguard Group Inc. grew its stake in RXO by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 13,294,483 shares of the company’s stock valued at $290,750,000 after acquiring an additional 45,977 shares during the last quarter. State Street Corp increased its holdings in RXO by 13.3% during the 3rd quarter. State Street Corp now owns 5,124,927 shares of the company’s stock valued at $143,498,000 after acquiring an additional 602,741 shares in the last quarter. Swedbank AB acquired a new position in RXO during the first quarter worth about $76,982,000. Finally, Geode Capital Management LLC lifted its holdings in shares of RXO by 16.9% in the third quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock valued at $85,563,000 after purchasing an additional 441,994 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.