RXO (NYSE:RXO) Earns Hold Rating from Benchmark

RXO (NYSE:RXO)‘s stock had its “hold” rating reaffirmed by equities researchers at Benchmark in a research note issued on Wednesday,Benzinga reports.

Other analysts have also recently issued research reports about the stock. Susquehanna cut their price objective on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a report on Tuesday, November 12th. Jefferies Financial Group cut their price target on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Citigroup downgraded shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Tuesday, November 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 target price on shares of RXO in a research report on Monday, November 18th. Finally, Oppenheimer reissued an “outperform” rating and issued a $31.00 target price on shares of RXO in a research report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RXO has an average rating of “Hold” and a consensus target price of $26.77.

RXO Price Performance

Shares of NYSE RXO opened at $25.51 on Wednesday. RXO has a 1-year low of $18.75 and a 1-year high of $32.82. The stock’s 50-day moving average is $26.88 and its two-hundred day moving average is $27.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $4.10 billion, a price-to-earnings ratio of -12.89, a price-to-earnings-growth ratio of 3.17 and a beta of 1.52.

RXO (NYSE:RXO) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $956.19 million. During the same period last year, the firm earned $0.05 earnings per share. RXO’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts forecast that RXO will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RXO. MFN Partners Management LP boosted its holdings in RXO by 11.0% in the 2nd quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock valued at $452,679,000 after purchasing an additional 1,722,301 shares in the last quarter. State Street Corp boosted its stake in shares of RXO by 13.3% in the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock valued at $143,498,000 after buying an additional 602,741 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 buying an additional 441,994 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in RXO by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,068,380 shares of the company’s stock worth $57,915,000 after acquiring an additional 136,886 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in RXO by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company’s stock worth $53,153,000 after acquiring an additional 176,041 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Company Profile

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.