RXO, Inc. (NYSE:RXO) Receives Average Rating of “Hold” from Analysts

Shares of RXO, Inc. (NYSE:RXO) have been assigned an average rating of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $26.46.

Several brokerages have issued reports on RXO. Benchmark restated a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Susquehanna dropped their target price on RXO from $16.00 to $12.00 and set a “negative” rating for the company in a report on Tuesday, November 12th. The Goldman Sachs Group dropped their target price on RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus dropped their target price on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group dropped their target price on RXO from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 10th.

Hedge Funds Weigh In On RXO

A number of hedge funds and other institutional investors have recently bought and sold shares of RXO. Vanguard Group Inc. boosted its holdings in RXO by 13.2% during the 4th 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 period. Norges Bank purchased a new position in RXO during the 4th quarter valued at about $28,342,000. Loomis Sayles & Co. L P purchased a new position in RXO during the 3rd quarter valued at about $27,964,000. Franklin Resources Inc. boosted its holdings in RXO by 122.6% during the 4th 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 period. Finally, Zimmer Partners LP purchased a new position in RXO during the 3rd quarter valued at about $22,680,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

RXO Stock Down 3.9 %

NYSE RXO opened at $20.14 on Monday. The business has a fifty day moving average price of $24.08 and a 200 day moving average price of $26.75. RXO has a one year low of $18.75 and a one year high of $32.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The company has a market cap of $3.24 billion, a P/E ratio of -9.50, a P/E/G ratio of 4.55 and a beta of 1.53.

RXO (NYSE:RXO) last issued its 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 positive return on equity of 1.53% and a negative net margin of 6.26%. Research analysts anticipate that RXO will post 0.31 EPS 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.