Brokerages Set Rxo Inc (NYSE:RXO) Target Price at $20.08

Rxo Inc (NYSE:RXO) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $20.0769.

A number of research analysts recently weighed in on the company. Susquehanna upped their price target on RXO from $14.00 to $18.00 and gave the stock a “negative” rating in a research note on Friday, May 8th. The Goldman Sachs Group restated a “neutral” rating and set a $18.00 price objective on shares of RXO in a report on Friday, May 8th. Bank of America lowered their target price on RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 25th. Barclays increased their target price on RXO from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Stifel Nicolaus raised shares of RXO from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Friday, May 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. acquired a new stake in shares of RXO in the 1st quarter worth about $30,000. Cassaday & Co Wealth Management LLC acquired a new position in RXO during the 1st quarter valued at about $29,000. Flagship Harbor Advisors LLC acquired a new position in RXO during the 4th quarter valued at about $25,000. Quarry LP bought a new stake in RXO during the 3rd quarter worth approximately $33,000. Finally, Larson Financial Group LLC increased its holdings in RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after purchasing an additional 1,644 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Trading Up 2.4%

NYSE:RXO opened at $25.43 on Friday. RXO has a 12 month low of $10.43 and a 12 month high of $29.86. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of -41.68, a PEG ratio of 26.35 and a beta of 2.08. The firm has a fifty day simple moving average of $22.21 and a two-hundred day simple moving average of $17.18.

RXO (NYSE:RXO) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Analysts expect that RXO will post 0.06 EPS for the current fiscal year.

RXO Company Profile

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.