Rxo Inc (NYSE:RXO) Receives $17.93 Average Price Target from Analysts

Shares of Rxo Inc (NYSE:RXO - Get Free Report) have earned an average rating of "Hold" from the sixteen research firms that are currently covering the company, MarketBeat reports. One investment 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 twelve-month target price among analysts that have issued a report on the stock in the last year is $17.9286.

A number of equities research analysts have recently issued reports on the stock. UBS Group reissued a "neutral" rating and issued a $15.00 price target (up from $14.00) on shares of RXO in a research note on Friday, August 8th. Cowen reaffirmed a "hold" rating on shares of RXO in a research note on Friday, August 8th. Barclays cut their target price on shares of RXO from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Stifel Nicolaus cut their target price on shares of RXO from $24.00 to $14.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup reaffirmed a "neutral" rating and set a $18.00 target price (up from $15.00) on shares of RXO in a research note on Wednesday, May 21st.

Institutional Investors Weigh In On RXO

Several large investors have recently added to or reduced their stakes in the business. Yousif Capital Management LLC increased its stake in RXO by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 53,228 shares of the company's stock worth $837,000 after buying an additional 631 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of RXO by 25.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,433 shares of the company's stock valued at $54,000 after purchasing an additional 688 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of RXO by 1.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 41,910 shares of the company's stock valued at $659,000 after purchasing an additional 751 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of RXO by 5.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 16,154 shares of the company's stock valued at $254,000 after purchasing an additional 892 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN boosted its holdings in shares of RXO by 0.6% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 189,980 shares of the company's stock valued at $2,986,000 after buying an additional 1,154 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Trading Up 10.8%

NYSE:RXO traded up $1.5850 on Monday, hitting $16.2850. The stock had a trading volume of 390,206 shares, compared to its average volume of 1,614,953. The company has a fifty day moving average price of $15.90 and a two-hundred day moving average price of $16.69. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -7.46, a PEG ratio of 6.88 and a beta of 1.68. RXO has a 1-year low of $12.19 and a 1-year 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.

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