Stephens Upgrades RXO (NYSE:RXO) to “Hold”

RXO (NYSE:RXO) was upgraded by investment analysts at Stephens to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

RXO has been the subject of a number of other reports. Susquehanna increased their price target on RXO from $14.00 to $18.00 and gave the company a “negative” rating in a research report on Friday, May 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $18.00 price objective on shares of RXO in a research report on Friday, May 8th. Morgan Stanley restated an “equal weight” rating and issued a $22.00 price objective (up from $19.00) on shares of RXO in a research note on Thursday, May 7th. Weiss Ratings raised RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. Finally, Wells Fargo & Company lifted their target price on RXO from $15.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, RXO currently has a consensus rating of “Hold” and an average target price of $21.00.

RXO Stock Down 0.3%

RXO stock opened at $26.79 on Wednesday. RXO has a fifty-two week low of $10.43 and a fifty-two week high of $29.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s 50-day simple moving average is $24.64 and its 200 day simple moving average is $18.38. The stock has a market cap of $4.42 billion, a PE ratio of -43.92 and a beta of 2.03.

RXO (NYSE:RXO) last posted its earnings results on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the firm earned ($0.03) EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts predict that RXO will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On RXO

Several institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in RXO during the fourth quarter valued at $25,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of RXO in the first quarter valued at $29,000. Geneos Wealth Management Inc. bought a new stake in shares of RXO in the first quarter valued at $30,000. Quarry LP purchased a new position in shares of RXO during the 3rd quarter valued at $33,000. Finally, Larson Financial Group LLC lifted its position in shares of RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after buying an additional 1,644 shares during the last quarter. Hedge funds and other institutional investors 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.