Benchmark Reiterates “Hold” Rating for RXO (NYSE:RXO)

RXO (NYSE:RXO)‘s stock had its “hold” rating reiterated by investment analysts at Benchmark in a report issued on Tuesday, Benzinga reports.

RXO has been the topic of a number of other research reports. UBS Group raised their target price on shares of RXO from $22.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Jefferies Financial Group dropped their price target on shares of RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. raised their price objective on shares of RXO from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Barclays lifted their price target on shares of RXO from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, TD Cowen lifted their price target on shares of RXO from $23.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RXO currently has a consensus rating of “Hold” and a consensus target price of $26.23.

RXO Price Performance

Shares of NYSE:RXO opened at $29.60 on Tuesday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -328.89, a PEG ratio of 12.47 and a beta of 1.34. RXO has a one year low of $16.94 and a one year high of $32.82. The company has a 50-day simple moving average of $27.77 and a 200-day simple moving average of $24.83. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.17 and a current ratio of 1.17.

RXO (NYSE:RXO) last issued its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $930.00 million during the quarter, compared to analysts’ expectations of $934.14 million. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. On average, analysts predict that RXO will post 0.15 EPS for the current year.

Institutional Trading of RXO

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after purchasing an additional 510 shares in the last quarter. Motco grew its position in RXO by 5,450.0% during the first quarter. Motco now owns 2,442 shares of the company’s stock valued at $53,000 after purchasing an additional 2,398 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in RXO by 2,235.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock worth $80,000 after acquiring an additional 3,487 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in RXO in the second quarter worth approximately $112,000. Finally, PNC Financial Services Group Inc. grew its position in RXO by 62.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,181 shares of the company’s stock worth $121,000 after acquiring an additional 1,987 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

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.