RXO, Inc. (NYSE:RXO) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of RXO, Inc. (NYSE:RXO - Get Free Report) have received an average rating of "Hold" from the sixteen research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.00.

A number of equities research analysts have recently weighed in on the company. Bank of America lifted their price target on RXO from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company dropped 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. Oppenheimer downgraded shares of RXO from an "outperform" rating to a "market perform" rating in a research note on Friday, April 4th. The Goldman Sachs Group lowered their price target on shares of RXO from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Truist Financial lowered their price target on shares of RXO from $24.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, April 24th.

RXO Stock Down 0.8%

NYSE:RXO traded down $0.13 during mid-day trading on Wednesday, reaching $15.88. The stock had a trading volume of 1,067,422 shares, compared to its average volume of 1,282,398. 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 stock's 50 day simple moving average is $14.93 and its two-hundred day simple moving average is $20.75. RXO has a 1-year low of $12.19 and a 1-year high of $32.82. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -7.49, a price-to-earnings-growth ratio of 4.55 and a beta of 1.73.

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

Institutional Investors Weigh In On RXO

Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in RXO by 374.1% in the first 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 in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of RXO during the first quarter valued at approximately $56,693,000. Vanguard Group Inc. boosted its stake in RXO by 13.2% in the fourth quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company's stock valued at $410,137,000 after acquiring an additional 2,009,937 shares during the last quarter. Norges Bank bought a new position in RXO in the fourth quarter valued at approximately $28,342,000. Finally, Franklin Resources Inc. boosted its stake in RXO by 122.6% in the fourth quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company's stock valued at $39,971,000 after acquiring an additional 923,307 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

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.