Brokerages Set RXO, Inc. (NYSE:RXO) PT at $26.47

Shares of RXO, Inc. (NYSE:RXO) have received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $26.77.

Several analysts have issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $31.00 target price on shares of RXO in a research note on Tuesday, September 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of RXO in a research note on Monday, November 18th. Benchmark reiterated a “hold” rating on shares of RXO in a research report on Tuesday, October 15th. Susquehanna reduced their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group dropped their price target on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RXO. Wilmington Savings Fund Society FSB purchased a new position in RXO during the third quarter worth about $28,000. Nomura Asset Management Co. Ltd. boosted its position in shares of RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after acquiring an additional 570 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after purchasing an additional 510 shares in the last quarter. KBC Group NV increased its position in shares of RXO by 28.1% in the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock worth $114,000 after purchasing an additional 890 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in RXO in the second quarter valued at approximately $112,000. Institutional investors own 92.73% of the company’s stock.

RXO Stock Performance

NYSE RXO opened at $24.26 on Friday. The company has a market capitalization of $3.90 billion, a PE ratio of -12.25, a price-to-earnings-growth ratio of 15.82 and a beta of 1.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. RXO has a 52-week low of $18.75 and a 52-week high of $32.82. The company has a 50-day simple moving average of $27.15 and a 200 day simple moving average of $27.81.

RXO (NYSE:RXO) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $956.19 million. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. RXO’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. On average, research analysts predict that RXO will post 0.12 EPS for the current year.

RXO Company Profile

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.