RXO, Inc. (NYSE:RXO) Receives Consensus Recommendation of “Hold” from Analysts

RXO, Inc. (NYSE:RXO) has been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $26.46.

A number of equities analysts have commented on the stock. The Goldman Sachs Group reduced their target price on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Barclays reduced their target price on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stifel Nicolaus reduced their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Morgan Stanley dropped their price target on RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of RXO in a research note on Wednesday, January 15th.

RXO Stock Performance

RXO stock opened at $20.14 on Monday. The company has a market capitalization of $3.24 billion, a P/E ratio of -9.50, a PEG ratio of 4.55 and a beta of 1.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The business has a 50-day moving average price of $24.08 and a 200 day moving average price of $26.75. RXO has a 1-year low of $18.75 and a 1-year high of $32.82.

RXO (NYSE:RXO) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. As a group, equities research analysts forecast that RXO will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On RXO

Several hedge funds have recently bought and sold shares of RXO. Blue Trust Inc. boosted its position in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after purchasing an additional 510 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of RXO during the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC raised its stake in shares of RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after buying an additional 868 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after buying an additional 570 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after buying an additional 1,445 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

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.