Rxo Inc (NYSE:RXO) Receives $16.47 Consensus Target Price from Analysts

Rxo Inc (NYSE:RXO) has been assigned an average recommendation of “Hold” from the eighteen research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $16.2857.

A number of research firms have commented on RXO. Stifel Nicolaus set a $15.00 price objective on shares of RXO in a research note on Thursday, February 5th. Zacks Research downgraded shares of RXO from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Barclays raised their price target on RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Susquehanna upped their price objective on RXO from $10.00 to $11.00 and gave the company a “negative” rating in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RXO in a research report on Monday, December 22nd.

RXO Stock Performance

Shares of RXO opened at $12.09 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 $1.98 billion, a PE ratio of -20.84, a price-to-earnings-growth ratio of 8.93 and a beta of 1.67. The company’s 50 day simple moving average is $14.97 and its 200-day simple moving average is $15.08. RXO has a 12-month low of $10.43 and a 12-month high of $19.65.

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

Institutional Investors Weigh In On RXO

Several large investors have recently modified their holdings of RXO. Principal Financial Group Inc. raised its position in RXO by 11.8% during the 3rd quarter. Principal Financial Group Inc. now owns 791,799 shares of the company’s stock worth $12,178,000 after buying an additional 83,305 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new stake in shares of RXO in the 3rd quarter worth $4,026,000. Frontier Capital Management Co. LLC boosted its holdings in shares of RXO by 39.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,801,187 shares of the company’s stock valued at $28,315,000 after acquiring an additional 511,036 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of RXO by 67.3% during the second quarter. Russell Investments Group Ltd. now owns 191,318 shares of the company’s stock worth $3,008,000 after acquiring an additional 76,965 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in shares of RXO during the second quarter worth about $5,611,000. 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.