Rxo Inc (NYSE:RXO) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on RXO, with four sell, nine hold and six buy ratings. The average 12-month price target is approximately $23.91.
• RXO shares opened at $19.67, below their 50-day moving average of $22.46, after trading between $10.43 and $29.90 over the past year. Institutional investors own 92.73% of the company.
• RXO exceeded quarterly expectations, reporting adjusted earnings of $0.06 per share versus the $0.04 estimate and revenue of $1.77 billion versus $1.63 billion expected. Revenue rose 25% year over year, although the company continued to report negative net margin and return on equity.

Shares of Rxo Inc (NYSE:RXO - Get Free Report) have earned an average rating of "Hold" from the nineteen ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $23.9118.

A number of analysts have issued reports on the company. Barclays lifted their price objective on RXO from $20.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. UBS Group lowered their target price on RXO from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. Citigroup raised shares of RXO from a "market perform" rating to an "outperform" rating in a report on Friday, August 7th. BMO Capital Markets began coverage on shares of RXO in a research report on Monday, July 13th. They issued an "outperform" rating and a $35.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on shares of RXO from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th.

Institutional Trading of RXO

A number of large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its position in RXO by 18.3% during the first quarter. Public Employees Retirement System of Ohio now owns 4,196 shares of the company's stock valued at $61,000 after purchasing an additional 649 shares during the period. City Holding Co. boosted its holdings in shares of RXO by 227.6% in the 2nd quarter. City Holding Co. now owns 1,245 shares of the company's stock worth $34,000 after purchasing an additional 865 shares during the period. ProShare Advisors LLC boosted its holdings in shares of RXO by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 31,634 shares of the company's stock worth $400,000 after purchasing an additional 972 shares during the period. GAMMA Investing LLC boosted its holdings in shares of RXO by 11.5% in the 2nd quarter. GAMMA Investing LLC now owns 9,650 shares of the company's stock worth $266,000 after purchasing an additional 996 shares during the period. Finally, Citizens Financial Group Inc. RI increased its position in shares of RXO by 5.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 24,583 shares of the company's stock valued at $359,000 after purchasing an additional 1,165 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

RXO Stock Down 2.9%

Shares of RXO stock opened at $19.67 on Tuesday. The company's fifty day simple moving average is $22.46 and its two-hundred day simple moving average is $21.37. RXO has a 52 week low of $10.43 and a 52 week high of $29.90. The stock has a market cap of $3.24 billion, a P/E ratio of -32.25 and a beta of 2.10. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.30.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The business's quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. Analysts predict that RXO will post 0.14 EPS for the current fiscal year.

RXO Company Profile

RXO Inc is a transportation services company that provides asset-light freight brokerage and logistics solutions. Its platform connects shippers with third-party carriers, helping businesses arrange the movement of truckload, less-than-truckload, expedited and other freight. The company also provides managed transportation services, including shipment planning, carrier sourcing, tracking and logistics coordination.

RXO primarily serves customers across North America, supporting freight movements in the United States, Canada and Mexico.

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