Analysts Set Rxo Inc (NYSE:RXO) Target Price at $16.07

Rxo Inc (NYSE:RXOGet Free Report) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.3333.

A number of analysts recently weighed in on RXO shares. Morgan Stanley upgraded shares of RXO from an “equal weight” rating to an “overweight” rating and set a $19.00 price target for the company in a research note on Tuesday, November 11th. Zacks Research lowered RXO from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Wall Street Zen cut shares of RXO from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Citigroup increased their price objective on RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Stephens set a $15.00 target price on shares of RXO in a research report on Monday.

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Key RXO News

Here are the key news stories impacting RXO this week:

RXO Stock Performance

Shares of RXO stock opened at $16.32 on Monday. The stock’s 50-day moving average is $14.58 and its two-hundred day moving average is $15.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.32 and a current ratio of 1.27. RXO has a 1 year low of $10.43 and a 1 year high of $22.17. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of -28.14, a PEG ratio of 12.64 and a beta of 1.74.

RXO (NYSE:RXOGet Free Report) last announced its earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates 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 period last year, the company earned $0.06 earnings per share. Analysts predict that RXO will post 0.31 earnings per share for the current year.

Insider Transactions at RXO

In related news, Director Troy A. Cooper purchased 8,317 shares of RXO stock in a transaction dated Thursday, November 20th. The stock was bought at an average cost of $10.61 per share, for a total transaction of $88,243.37. Following the transaction, the director owned 275,416 shares in the company, valued at approximately $2,922,163.76. The trade was a 3.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On RXO

A number of large investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC purchased a new position in RXO during the fourth quarter worth $25,000. AlphaQuest LLC purchased a new stake in RXO during the 2nd quarter worth about $29,000. Geneos Wealth Management Inc. purchased a new position in RXO in the 1st quarter valued at about $30,000. Quarry LP purchased a new position in RXO in the 3rd quarter valued at about $33,000. Finally, Larson Financial Group LLC boosted its stake 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 worth $43,000 after purchasing an additional 1,644 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Company Profile

(Get Free Report)

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.

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Analyst Recommendations for RXO (NYSE:RXO)

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