Rxo Inc (NYSE:RXO) Given Average Rating of “Hold” by Analysts

Shares of Rxo Inc (NYSE:RXO) have been given a consensus rating of “Hold” by the twenty brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.1429.

A number of research firms recently issued reports on RXO. Truist Financial lowered their target price on shares of RXO from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Wolfe Research upgraded shares of RXO from an “underperform” rating to a “peer perform” rating in a report on Friday, November 14th. Zacks Research cut shares of RXO from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. UBS Group dropped their price objective on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Benchmark reiterated a “hold” rating on shares of RXO in a report on Thursday.

RXO Price Performance

Shares of NYSE:RXO opened at $15.01 on Thursday. The company has a market cap of $2.46 billion, a P/E ratio of -34.91, a P/E/G ratio of 7.32 and a beta of 1.74. The business has a fifty day simple moving average of $13.37 and a 200-day simple moving average of $15.29. RXO has a 52 week low of $10.43 and a 52 week high of $26.92. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.24.

RXO (NYSE:RXO) last released its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). RXO had a positive return on equity of 0.88% and a negative net margin of 1.25%.The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company posted $0.05 earnings per share. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. Equities research analysts forecast that RXO will post 0.31 EPS for the current year.

Insider Transactions at RXO

In other RXO news, Director Troy A. Cooper bought 8,317 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average price of $10.61 per share, with a total value of $88,243.37. Following the transaction, the director owned 275,416 shares in the company, valued at $2,922,163.76. This trade represents a 3.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew M. Wilkerson purchased 7,775 shares of RXO stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of $12.88 per share, for a total transaction of $100,142.00. Following the completion of the transaction, the chief executive officer owned 7,775 shares of the company’s stock, valued at $100,142. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 40,250 shares of company stock worth $488,875 in the last three months. 1.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RXO

Several large investors have recently made changes to their positions in the business. Finepoint Capital LP purchased a new position in shares of RXO in the 3rd quarter valued at $111,764,000. Orbis Allan Gray Ltd increased its holdings in RXO by 3.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 31,375,221 shares of the company’s stock valued at $493,218,000 after purchasing an additional 1,142,710 shares in the last quarter. Franklin Resources Inc. raised its position in RXO by 91.2% in the third quarter. Franklin Resources Inc. now owns 2,328,843 shares of the company’s stock valued at $35,818,000 after purchasing an additional 1,110,530 shares during the period. Norges Bank purchased a new position in RXO in the second quarter valued at about $16,949,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of RXO in the fourth quarter worth about $11,224,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

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.