Brokerages Set RXO, Inc. (NYSE:RXO) Price Target at $26.79

Shares of RXO, Inc. (NYSE:RXO) have been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eleven have assigned 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 $26.79.

A number of research analysts recently weighed in on RXO shares. Benchmark reiterated a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Barclays decreased their target price on RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Citigroup downgraded shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research report on Tuesday, November 12th. Susquehanna reduced their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their price objective on shares of RXO from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd.

Institutional Trading of RXO

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after purchasing an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of RXO during the third quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its stake in shares of RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after buying an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after buying an additional 570 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after acquiring an additional 1,445 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Trading Down 15.0 %

Shares of RXO stock opened at $21.48 on Thursday. The firm’s 50-day simple moving average is $25.96 and its 200-day simple moving average is $27.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. RXO has a 1-year low of $18.75 and a 1-year high of $32.82. The firm has a market cap of $3.45 billion, a P/E ratio of -10.85, a PEG ratio of 3.98 and a beta of 1.53.

RXO (NYSE:RXO) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. As a group, equities analysts forecast that RXO will post 0.12 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.