RXO (NYSE:RXO) Sets New 12-Month Low - Here's Why

RXO, Inc. (NYSE:RXO - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $12.19 and last traded at $12.31, with a volume of 1198246 shares trading hands. The stock had previously closed at $13.24.

Wall Street Analysts Forecast Growth

RXO has been the topic of a number of recent research reports. Susquehanna dropped their price objective on RXO from $18.00 to $13.00 and set a "negative" rating on the stock in a report on Wednesday, March 26th. Oppenheimer lowered shares of RXO from an "outperform" rating to a "market perform" rating in a research report on Friday, April 4th. Citigroup lowered their price objective on RXO from $23.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus reduced their target price on RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Finally, 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.40.

RXO Trading Down 4.3 %

The stock has a market capitalization of $2.21 billion, a P/E ratio of -6.36, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. The stock's fifty day moving average price is $17.26 and its two-hundred day moving average price is $23.31. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

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, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Equities research analysts forecast that RXO, Inc. will post 0.31 EPS for the current year.

Institutional Trading of RXO

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its stake in shares of RXO by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company's stock worth $783,000 after buying an additional 500 shares during the period. Blue Trust Inc. grew its holdings in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after acquiring an additional 510 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of RXO by 1.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company's stock valued at $712,000 after acquiring an additional 518 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of RXO by 2.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company's stock valued at $505,000 after acquiring an additional 551 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of RXO by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 47,110 shares of the company's stock worth $1,123,000 after purchasing an additional 747 shares during the period. 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.