RXO, Inc. (NYSE:RXO) Given Average Rating of “Hold” by Brokerages

Shares of RXO, Inc. (NYSE:RXO) have been given an average rating of “Hold” by the seventeen analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.47.

Several research analysts have weighed in on RXO shares. TD Cowen increased their price objective on RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Benchmark reissued a “hold” rating on shares of RXO in a report on Tuesday, October 15th. Oppenheimer reaffirmed an “outperform” rating and set a $31.00 target price on shares of RXO in a report on Tuesday, September 17th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $31.00 price target on shares of RXO in a research note on Monday, November 11th. Finally, Morgan Stanley raised their price objective on RXO from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th.

RXO Trading Up 0.4 %

Shares of RXO stock opened at $27.54 on Friday. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of -13.91, a P/E/G ratio of 14.68 and a beta of 1.33. The business has a fifty day simple moving average of $27.92 and a two-hundred day simple moving average of $26.25. 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 issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $956.19 million. During the same period last year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts forecast that RXO will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Swedbank AB bought a new stake in RXO in the first quarter worth approximately $76,982,000. MFN Partners Management LP boosted its stake in RXO by 19.8% during the first quarter. MFN Partners Management LP now owns 15,588,555 shares of the company’s stock worth $340,922,000 after acquiring an additional 2,580,330 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in RXO by 1,459.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company’s stock worth $42,574,000 after purchasing an additional 1,523,650 shares during the period. Loomis Sayles & Co. L P bought a new stake in RXO in the third quarter valued at $27,964,000. Finally, Zimmer Partners LP acquired a new position in shares of RXO during the third quarter valued at about $22,680,000. 92.73% of the stock is 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.