Rxo Inc (NYSE:RXO) Given Consensus Rating of "Hold" by Brokerages

Rxo Inc (NYSE:RXO - Get Free Report) has earned a consensus rating of "Hold" from the sixteen research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.93.

A number of equities research analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of RXO from $24.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Oppenheimer cut shares of RXO from an "outperform" rating to a "market perform" rating in a research report on Friday, April 4th. Susquehanna set a $12.00 target price on shares of RXO and gave the company a "neutral" rating in a research report on Tuesday. Jefferies Financial Group reduced their target price on shares of RXO from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Stifel Nicolaus reduced their target price on shares of RXO from $24.00 to $14.00 and set a "hold" rating for the company in a research report on Thursday, May 8th.

RXO Trading Down 0.6%

Shares of RXO stock opened at $15.78 on Friday. The firm has a 50-day moving average of $15.25 and a 200-day moving average of $19.14. The stock has a market cap of $2.59 billion, a PE ratio of -7.27, a PEG ratio of 6.72 and a beta of 1.73. RXO has a 52-week low of $12.19 and a 52-week high of $32.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.30 and a current ratio of 1.30.

RXO (NYSE:RXO - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.51 billion. RXO had a negative net margin of 5.94% and a positive return on equity of 1.18%. The company's revenue was up 57.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. As a group, sell-side analysts forecast that RXO will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in RXO by 228.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after acquiring an additional 868 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in RXO during the first quarter worth about $30,000. Larson Financial Group LLC raised its stake in RXO by 1,990.2% during the first quarter. Larson Financial Group LLC now owns 1,714 shares of the company's stock worth $33,000 after acquiring an additional 1,632 shares in the last quarter. CWM LLC raised its stake in RXO by 234.4% during the first quarter. CWM LLC now owns 1,876 shares of the company's stock worth $36,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in RXO by 52.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,745 shares of the company's stock worth $52,000 after acquiring an additional 945 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

About RXO

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.

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