Rxo Inc (NYSE:RXO) Given Average Recommendation of "Hold" by Brokerages

Key Points

• RXO has an average “Hold” rating among 19 analysts: 12 recommend holding, four recommend buying, and three recommend selling. The average 12-month price target is $23.57.
• Analyst views remain mixed, with recent price targets ranging from $20 at Susquehanna to $35 at BMO Capital Markets; Truist also raised its target to $30 and maintained a “Buy” rating.
• RXO reported quarterly revenue of $1.43 billion, above estimates of $1.34 billion, while adjusted earnings met expectations at a loss of $0.09 per share. Revenue declined 0.6% year over year, and institutional investors own 92.73% of the stock.

Rxo Inc (NYSE:RXO - Get Free Report) has received an average rating of "Hold" from the nineteen research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $23.5714.

A number of research firms have commented on RXO. Susquehanna lifted their price objective on shares of RXO from $18.00 to $20.00 and gave the company a "negative" rating in a research note on Tuesday, July 14th. Morgan Stanley reiterated an "equal weight" rating and set a $22.00 target price (up from $19.00) on shares of RXO in a research note on Thursday, May 7th. BMO Capital Markets began coverage on RXO in a report on Monday, July 13th. They set an "outperform" rating and a $35.00 price target on the stock. Truist Financial boosted their price target on RXO from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. Finally, Citigroup initiated coverage on RXO in a research note on Wednesday, July 15th. They set a "market perform" rating for the company.

Hedge Funds Weigh In On RXO

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new position in shares of RXO during the 4th quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of RXO in the first quarter valued at approximately $29,000. Geneos Wealth Management Inc. acquired a new position in RXO during the first quarter worth $30,000. Quarry LP acquired a new position in RXO during the third quarter worth $33,000. Finally, City Holding Co. raised its position in RXO by 227.6% in the second quarter. City Holding Co. now owns 1,245 shares of the company's stock worth $34,000 after acquiring an additional 865 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

RXO Stock Down 0.0%

RXO stock opened at $20.25 on Monday. RXO has a fifty-two week low of $10.43 and a fifty-two week high of $29.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $3.34 billion, a P/E ratio of -33.19 and a beta of 2.10. The stock has a 50-day simple moving average of $26.50 and a 200-day simple moving average of $19.92.

RXO (NYSE:RXO - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.09). The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. Equities research analysts expect that RXO will post 0.07 earnings per share for the current year.

RXO Company Profile

RXO Inc NYSE: RXO is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.

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