Brokerages Set RXO, Inc. (NYSE:RXO) PT at $19.93

Shares of RXO, Inc. (NYSE:RXO - Get Free Report) have been given a consensus recommendation of "Hold" by the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.93.

A number of equities analysts have weighed in on RXO shares. Morgan Stanley lowered their price target on RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group reduced their target price on RXO from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Citigroup decreased their target price on RXO from $23.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company cut their price target on RXO from $20.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Finally, Barclays reduced their price objective on shares of RXO from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd.

Institutional Trading of RXO

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of RXO in the fourth quarter worth $1,588,000. Charles Schwab Investment Management Inc. raised its position in RXO by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company's stock valued at $51,138,000 after purchasing an additional 76,653 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in RXO by 111.5% during the fourth quarter. JPMorgan Chase & Co. now owns 575,286 shares of the company's stock worth $13,715,000 after purchasing an additional 303,224 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of RXO in the 4th quarter valued at $2,004,000. Finally, Victory Capital Management Inc. raised its holdings in shares of RXO by 11.6% during the 4th quarter. Victory Capital Management Inc. now owns 849,340 shares of the company's stock worth $20,248,000 after buying an additional 88,110 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

RXO Stock Up 2.6%

RXO traded up $0.43 during trading on Friday, reaching $17.05. 2,341,631 shares of the stock were exchanged, compared to its average volume of 1,222,384. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The stock's 50 day moving average price is $15.85 and its two-hundred day moving average price is $22.10. RXO has a twelve month low of $12.19 and a twelve month high of $32.82. The stock has a market cap of $2.79 billion, a P/E ratio of -8.04, a price-to-earnings-growth ratio of 4.55 and a beta of 1.71.

RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.51 billion. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. The firm's revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Equities analysts expect that RXO will post 0.31 EPS for the current 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.