Brokerages Set RXO, Inc. (NYSE:RXO) Target Price at $25.80

Shares of RXO, Inc. (NYSE:RXO) have earned an average rating of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.80.

Several brokerages have recently commented on RXO. Stifel Nicolaus dropped their price target on shares of RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Morgan Stanley lowered their price objective on RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group reduced 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. Finally, Wells Fargo & Company lowered their price target on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RXO. Vanguard Group Inc. increased its position in RXO by 13.2% in 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 in the last quarter. FIL Ltd lifted its position in shares of RXO by 10.4% during the fourth quarter. FIL Ltd now owns 6,327,889 shares of the company’s stock worth $150,857,000 after purchasing an additional 596,158 shares in the last quarter. State Street Corp grew its stake in shares of RXO by 13.3% during the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock valued at $143,498,000 after purchasing an additional 602,741 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of RXO by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company’s stock valued at $80,185,000 after purchasing an additional 307,492 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in RXO by 27.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company’s stock worth $56,629,000 after purchasing an additional 508,330 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Trading Up 0.7 %

NYSE RXO opened at $19.17 on Friday. The company has a market capitalization of $3.13 billion, a PE ratio of -9.04, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. RXO has a 1-year low of $17.50 and a 1-year high of $32.82. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $21.69 and its 200-day simple moving average is $25.34.

RXO (NYSE:RXO) last announced 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 positive return on equity of 1.53% and a negative net margin of 6.26%. As a group, sell-side analysts anticipate that RXO will post 0.31 earnings per share 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.