Rxo Inc (NYSE:RXO) Stock Has Average Price Target of $26.08

Key Points

• RXO has a consensus “Hold” rating from 20 analysts, with 16 holds, three buys, and one sell. The average 12-month price target is $26.08, below the stock’s recent price of $28.66.
• RXO reported quarterly EPS of $0.06, beating estimates of $0.04, while revenue rose 25% year over year to $1.77 billion, ahead of expectations.
• Institutional investors and hedge funds own 92.73% of RXO’s shares, while the stock has climbed significantly within its 52-week range of $10.43 to $29.90.

Rxo Inc (NYSE:RXO - Get Free Report) has earned a consensus rating of "Hold" from the twenty analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $26.08.

A number of research analysts recently issued reports on the company. Susquehanna raised RXO from a "negative" rating to a "neutral" rating and lowered their target price for the stock from $20.00 to $19.00 in a report on Wednesday, September 23rd. Citizens Jmp lowered shares of RXO from an "outperform" rating to a "market perform" rating in a research report on Thursday. Stifel Nicolaus set a $31.00 price objective on shares of RXO in a research report on Friday, August 7th. JPMorgan Chase & Co. raised shares of RXO from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, October 6th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of RXO in a report on Tuesday, September 1st.

Institutional Investors Weigh In On RXO

A number of institutional investors and hedge funds have recently modified their holdings of RXO. City Holding Co. raised its holdings in RXO by 227.6% during the 2nd quarter. City Holding Co. now owns 1,245 shares of the company's stock worth $34,000 after buying an additional 865 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in RXO during the first quarter valued at about $29,000. Nykredit A S acquired a new position in shares of RXO in the second quarter worth about $67,000. Public Employees Retirement System of Ohio boosted its holdings in shares of RXO by 18.3% in the first quarter. Public Employees Retirement System of Ohio now owns 4,196 shares of the company's stock worth $61,000 after buying an additional 649 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of RXO in the second quarter worth approximately $133,000. Institutional investors and hedge funds own 92.73% of the company's stock.

RXO Price Performance

RXO traded down $0.40 during trading on Friday, reaching $28.66. The stock had a trading volume of 5,352,164 shares, compared to its average volume of 4,202,640. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of -46.99 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 has a 1-year low of $10.43 and a 1-year high of $29.90. The stock has a 50 day moving average of $22.52 and a two-hundred day moving average of $22.81.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%. The firm's revenue for the quarter was up 25.0% on a year-over-year basis. During the same period last year, the firm earned $0.04 EPS. As a group, equities analysts anticipate that RXO will post 0.15 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. The company connects shippers with independent carriers and helps coordinate the movement of truckload, less-than-truckload and other freight across North America.

RXO's services include digital freight brokerage, managed transportation and last-mile logistics. Its brokerage business uses technology and carrier relationships to match customer shipments with available transportation capacity, while its managed transportation offerings help companies plan, coordinate and optimize freight operations.

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