RXO, Inc. (NYSE:RXO) Given Consensus Recommendation of “Hold” by Analysts

Shares of RXO, Inc. (NYSE:RXO) have been assigned an average rating of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.80.

A number of brokerages recently issued reports on RXO. Benchmark reissued a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Jefferies Financial Group lowered their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of RXO in a research report on Friday, March 7th. They issued a “hold” rating and a $19.00 price target for the company. The Goldman Sachs Group lowered their price objective on shares of RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, February 6th.

RXO Stock Performance

Shares of RXO opened at $18.96 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. RXO has a 52-week low of $17.50 and a 52-week high of $32.82. The stock has a 50 day moving average price of $22.03 and a 200 day moving average price of $25.56. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of -8.94, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67.

RXO (NYSE:RXO) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Research analysts predict that RXO will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RXO. Vanguard Group Inc. boosted its position in shares of RXO by 13.2% during the 4th quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock worth $410,137,000 after purchasing an additional 2,009,937 shares in the last quarter. FIL Ltd grew its position in 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 buying an additional 596,158 shares during the period. State Street Corp increased its holdings in RXO by 13.3% in the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock valued at $143,498,000 after buying an additional 602,741 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of RXO by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company’s stock valued at $80,185,000 after acquiring an additional 307,492 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of RXO by 27.2% during 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 acquiring an additional 508,330 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

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.