Analysts Set Rxo Inc (NYSE:RXO) Target Price at $19.93

Shares of Rxo Inc (NYSE:RXO - Get Free Report) have been assigned an average recommendation of "Hold" from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $19.93.

Several equities research analysts recently weighed in on RXO shares. The Goldman Sachs Group cut their price objective on RXO from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Barclays cut their price target on RXO from $24.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company reduced their price target on RXO from $20.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Jefferies Financial Group dropped their price objective on shares of RXO from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus cut their price target on shares of RXO from $24.00 to $14.00 and set a "hold" rating on the stock in a report on Thursday, May 8th.

Institutional Investors Weigh In On RXO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of RXO by 228.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after buying an additional 868 shares during the period. Geneos Wealth Management Inc. purchased a new position in RXO during the first quarter valued at $30,000. Larson Financial Group LLC boosted its holdings in RXO by 1,990.2% in 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 boosted its holdings in RXO by 234.4% in 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. grew its stake in shares of RXO by 52.5% in 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 during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Price Performance

Shares of RXO stock traded up $0.35 on Friday, reaching $17.06. The company had a trading volume of 1,349,153 shares, compared to its average volume of 1,335,487. The business's 50-day moving average is $15.40 and its 200 day moving average is $18.98. RXO has a one year low of $12.19 and a one year high of $32.82. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $2.80 billion, a PE ratio of -7.89, a price-to-earnings-growth ratio of 6.70 and a beta of 1.69.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company 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%. RXO's revenue for the quarter was up 57.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. Equities research analysts forecast that RXO will post 0.31 EPS for the current fiscal year.

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.