RXO (NYSE:RXO) Stock Price Down 6.1% - Here's What Happened

Key Points

• RXO shares fell 6.1% intraday to $18.39 (low $18.31) with only 121,921 shares traded—about a 94% decline from its average session volume of ~2.19 million.
• Analysts' consensus is a Hold with an average target of $16, and the company recently missed EPS (-$0.07 vs. -$0.04), reported revenue down 11.9% year‑over‑year, and continues to show negative margins.

Rxo Inc (NYSE:RXO - Get Free Report)'s share price traded down 6.1% during mid-day trading on Monday . The company traded as low as $18.31 and last traded at $18.3930. 121,921 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 2,192,707 shares. The stock had previously closed at $19.59.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America dropped their price target on shares of RXO from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 25th. Citigroup upped their target price on shares of RXO from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. Stephens set a $15.00 target price on shares of RXO in a research note on Monday, February 9th. Zacks Research upgraded shares of RXO from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Finally, UBS Group restated a "neutral" rating on shares of RXO in a research note on Sunday, February 8th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, RXO has an average rating of "Hold" and an average target price of $16.00.

RXO Stock Down 9.0%

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.94 billion, a P/E ratio of -30.91, a PEG ratio of 35.03 and a beta of 1.96. The company's 50 day simple moving average is $15.65 and its 200-day simple moving average is $14.95.

RXO (NYSE:RXO - Get Free Report) last posted its earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. RXO's revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 EPS. Research analysts forecast that Rxo Inc will post 0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RXO

Several institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its stake in shares of RXO by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company's stock worth $475,000 after purchasing an additional 600 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of RXO by 6.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company's stock worth $176,000 after purchasing an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of RXO by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company's stock worth $345,000 after purchasing an additional 661 shares during the period. New York State Teachers Retirement System lifted its stake in shares of RXO by 0.6% in the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company's stock worth $1,793,000 after purchasing an additional 700 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of RXO by 27.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company's stock worth $49,000 after purchasing an additional 701 shares during the period. Institutional investors own 92.73% of the company's stock.

About RXO

RXO Inc NYSE: RXO is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.

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