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

RXO, Inc. (NYSE:RXO) has received a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $19.93.

RXO has been the topic of several research analyst reports. UBS Group decreased their target price on shares of RXO from $24.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Barclays decreased their target price on shares of RXO from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Oppenheimer lowered shares of RXO from an “outperform” rating to a “market perform” rating in a research report on Friday, April 4th. The Goldman Sachs Group decreased their target price on shares of RXO from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Finally, Benchmark restated a “hold” rating on shares of RXO in a research report on Wednesday, January 15th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its stake in RXO by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company’s stock valued at $783,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. raised its stake in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after purchasing an additional 510 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in RXO by 1.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company’s stock valued at $712,000 after purchasing an additional 518 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in RXO by 2.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company’s stock valued at $505,000 after purchasing an additional 551 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in RXO by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 47,110 shares of the company’s stock valued at $1,123,000 after purchasing an additional 747 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Stock Performance

NYSE:RXO opened at $17.05 on Friday. The firm’s fifty day moving average price is $15.79 and its 200 day moving average price is $22.07. RXO has a 1-year low of $12.19 and a 1-year high of $32.82. 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 firm has a market cap of $2.79 billion, a price-to-earnings ratio of -8.04, a price-to-earnings-growth ratio of 4.55 and a beta of 1.71.

RXO (NYSE:RXO) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share 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 firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the business earned ($0.03) earnings per share. The business’s quarterly revenue was up 57.0% on a year-over-year basis. On average, sell-side analysts expect that RXO will post 0.31 EPS for the current 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.