Rxo Inc (NYSE:RXO) Receives Average Rating of “Hold” from Brokerages

Shares of Rxo Inc (NYSE:RXO) have earned an average recommendation of “Hold” from the sixteen research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.00.

Several equities research analysts have recently commented on the stock. Bank of America decreased their target price on shares of RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Barclays lifted their price target on RXO from $20.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Zacks Research raised RXO from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Stifel Nicolaus raised RXO from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, May 15th. Finally, UBS Group raised their target price on RXO from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th.

Hedge Funds Weigh In On RXO

Several large investors have recently bought and sold shares of RXO. Orbis Allan Gray Ltd boosted its holdings in RXO by 6.5% during the 4th quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock worth $438,327,000 after acquiring an additional 2,104,597 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of 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 last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of RXO during the fourth quarter valued at about $11,224,000. Wellington Management Group LLP lifted its position in shares of RXO by 7.9% during the third quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock valued at $153,780,000 after purchasing an additional 735,810 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in RXO during the fourth quarter worth about $9,098,000. 92.73% of the stock is currently owned by institutional investors.

RXO Trading Down 0.3%

NYSE RXO opened at $26.79 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. RXO has a 52 week low of $10.43 and a 52 week high of $29.86. The business has a 50 day moving average price of $24.64 and a 200-day moving average price of $18.38. The company has a market cap of $4.42 billion, a price-to-earnings ratio of -43.92 and a beta of 2.03.

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

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.