Rxo Inc (NYSE:RXO) Given Average Recommendation of “Hold” by Brokerages

Shares of Rxo Inc (NYSE:RXO) have earned a consensus rating of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $20.0769.

Several research firms recently commented on RXO. The Goldman Sachs Group reiterated a “neutral” rating and set a $18.00 price objective on shares of RXO in a research note on Friday, May 8th. Bank of America reduced their price objective on shares of RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 price objective (up from $19.00) on shares of RXO in a research note on Thursday, May 7th. Susquehanna raised their price target on shares of RXO from $14.00 to $18.00 and gave the stock a “negative” rating in a report on Friday, May 8th. Finally, UBS Group raised their price target on shares of RXO from $17.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, May 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new position in shares of RXO in the first quarter worth $30,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of RXO in the first quarter worth $29,000. Flagship Harbor Advisors LLC purchased a new position in shares of RXO in the fourth quarter worth $25,000. Quarry LP acquired a new stake in shares of RXO during the third quarter worth about $33,000. Finally, Larson Financial Group LLC lifted its holdings in shares of RXO by 146.5% during the third 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 during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Trading Up 1.9%

NYSE RXO opened at $24.84 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. The firm has a market cap of $4.10 billion, a PE ratio of -40.72, a price-to-earnings-growth ratio of 25.87 and a beta of 1.96. The company has a 50 day moving average price of $17.80 and a 200 day moving average price of $15.37. RXO has a 52 week low of $10.43 and a 52 week high of $25.28.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $1.43 billion during 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%. RXO’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. As a group, sell-side analysts forecast 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.