Rxo Inc (NYSE:RXO) Receives Consensus Rating of "Hold" from Analysts

Shares of Rxo Inc (NYSE:RXO - Get Free Report) have been assigned an average rating of "Hold" from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $17.9286.

A number of research analysts have recently weighed in on RXO shares. JPMorgan Chase & Co. lowered their price objective on RXO from $15.00 to $14.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 8th. Cowen reissued a "hold" rating on shares of RXO in a research note on Friday, August 8th. Stifel Nicolaus decreased their target price on RXO from $24.00 to $14.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Truist Financial decreased their target price on RXO from $24.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Barclays decreased their target price on RXO from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th.

RXO Stock Down 0.5%

RXO stock opened at $14.99 on Monday. RXO has a twelve month low of $12.19 and a twelve month high of $31.98. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.46 billion, a P/E ratio of -6.94, a PEG ratio of 7.12 and a beta of 1.68. The business's 50-day moving average price is $16.01 and its 200-day moving average price is $16.86.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. RXO had a positive return on equity of 1.18% and a negative net margin of 5.45%. The firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm earned $0.03 EPS. The business's quarterly revenue was up 52.6% on a year-over-year basis. On average, equities research analysts forecast that RXO will post 0.31 EPS for the current year.

Hedge Funds Weigh In On RXO

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Orbis Allan Gray Ltd boosted its holdings in shares of RXO by 3.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 31,375,221 shares of the company's stock worth $493,218,000 after purchasing an additional 1,142,710 shares during the period. Wellington Management Group LLP boosted its holdings in shares of RXO by 374.1% in the 1st quarter. Wellington Management Group LLP now owns 9,259,421 shares of the company's stock worth $176,855,000 after purchasing an additional 7,306,537 shares during the period. State Street Corp boosted its holdings in shares of RXO by 1.5% in the 2nd quarter. State Street Corp now owns 5,821,207 shares of the company's stock worth $91,509,000 after purchasing an additional 85,405 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of RXO by 4.1% in the 2nd quarter. Douglas Lane & Associates LLC now owns 3,739,778 shares of the company's stock worth $58,789,000 after purchasing an additional 148,738 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of RXO by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,611,478 shares of the company's stock worth $56,780,000 after purchasing an additional 139,999 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Company Profile

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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