RXO (RXO) Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RXO in the last year. There are currently 2 sell ratings, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RXO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RXO, but not buy additional shares or sell existing shares.
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18 brokerages have issued 1 year price targets for RXO's shares. Their RXO share price forecasts range from $13.00 to $27.00. On average, they predict the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
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RXO's stock was trading at $17.20 at the start of the year. Since then, RXO shares have increased by 8.7% and is now trading at $18.70.
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RXO saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,920,000 shares, an increase of 21.7% from the August 31st total of 3,220,000 shares. Based on an average daily volume of 744,300 shares, the short-interest ratio is currently 5.3 days. Currently, 3.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our RXO earnings forecast.

RXO, Inc. (NYSE:RXO) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The company earned $963 million during the quarter, compared to analysts' expectations of $1.01 billion. RXO had a net margin of 0.28% and a trailing twelve-month return on equity of 9.50%. The company's revenue was down 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 EPS.

ETFs with the largest weight of RXO (NYSE:RXO) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), Motley Fool Mid-Cap Growth ETF (TMFM), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Alger Weatherbie Enduring Growth ETF (AWEG), SPDR S&P Transportation ETF (XTN), Invesco S&P SmallCap Industrials ETF (PSCI) and ProShares Supply Chain Logistics ETF (SUPL).

RXO trades on the New York Stock Exchange (NYSE) under the ticker symbol "RXO."

Shares of RXO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RXO stock can currently be purchased for approximately $18.70.

RXO (NYSE:RXO) has a market capitalization of $2.19 billion and generates $4.80 billion in revenue each year. The company earns $92 million in net income (profit) each year or $0.11 on an earnings per share basis.

The company employs 8,590 workers across the globe.

The official website for the company is www.rxo.com. The company can be reached via phone at 980-308-6058 or via email at investors@rxo.com.