RXO, Inc. (NYSE:RXO) Receives $22.73 Consensus Price Target from Brokerages

RXO, Inc. (NYSE:RXO - Get Free Report) has earned an average recommendation of "Hold" from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $22.73.

A number of equities research analysts have weighed in on RXO shares. Wells Fargo & Company reduced their target price on shares of RXO from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Citigroup decreased their price objective on shares of RXO from $23.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Susquehanna decreased their target price on shares of RXO from $18.00 to $13.00 and set a "negative" rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus lowered their target price on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Finally, Oppenheimer downgraded shares of RXO from an "outperform" rating to a "market perform" rating in a report on Friday, April 4th.

RXO Trading Up 2.3 %

NYSE RXO traded up $0.30 on Tuesday, hitting $13.21. 1,089,043 shares of the company were exchanged, compared to its average volume of 1,099,239. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The firm has a market capitalization of $2.17 billion, a P/E ratio of -6.23, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. RXO has a twelve month low of $12.39 and a twelve month high of $32.82. The company's 50 day moving average price is $18.05 and its 200-day moving average price is $23.78.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Analysts predict that RXO will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RXO

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of RXO by 13.2% in the fourth quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company's stock worth $410,137,000 after purchasing an additional 2,009,937 shares during the period. Norges Bank acquired a new position in shares of RXO during the 4th quarter valued at $28,342,000. Franklin Resources Inc. raised its stake in RXO by 122.6% during the 4th quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company's stock worth $39,971,000 after buying an additional 923,307 shares during the period. Douglas Lane & Associates LLC boosted its stake in RXO by 34.3% during the 1st quarter. Douglas Lane & Associates LLC now owns 3,591,040 shares of the company's stock valued at $68,589,000 after purchasing an additional 916,379 shares during the last quarter. Finally, FIL Ltd lifted its stake in RXO by 10.4% in the fourth quarter. FIL Ltd now owns 6,327,889 shares of the company's stock valued at $150,857,000 after purchasing an additional 596,158 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.