Analysts Set Rxo Inc (NYSE:RXO) Target Price at $16.47

Rxo Inc (NYSE:RXO) has been given an average recommendation of “Hold” by the eighteen research firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.2857.

A number of research analysts have recently issued reports on RXO shares. Weiss Ratings restated a “sell (d-)” rating on shares of RXO in a research report on Monday, December 22nd. Truist Financial boosted their price objective on shares of RXO from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Stephens set a $15.00 price objective on shares of RXO in a research note on Monday, February 9th. Morgan Stanley raised shares of RXO from an “equal weight” rating to an “overweight” rating and set a $19.00 target price on the stock in a report on Tuesday, November 11th. Finally, Zacks Research lowered RXO from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th.

RXO Stock Performance

RXO stock opened at $13.38 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.20 billion, a P/E ratio of -23.08, a P/E/G ratio of 9.72 and a beta of 1.67. RXO has a 12-month low of $10.43 and a 12-month high of $19.65. The stock’s 50 day simple moving average is $14.98 and its 200 day simple moving average is $15.11.

RXO (NYSE:RXO) last released its quarterly earnings data on Friday, February 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). RXO had a negative return on equity of 0.44% and a negative net margin of 1.74%.The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, equities research analysts predict that RXO will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in RXO in the first quarter valued at $30,000. AlphaQuest LLC bought a new position in shares of RXO during the second quarter worth about $29,000. Flagship Harbor Advisors LLC acquired a new stake in shares of RXO in the 4th quarter worth about $25,000. Quarry LP acquired a new stake in shares of RXO in the 3rd quarter worth about $33,000. Finally, Larson Financial Group LLC lifted its position in RXO by 146.5% in the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

About RXO

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.