RXO, Inc. (NYSE:RXO) Given Consensus Recommendation of “Hold” by Brokerages

RXO, Inc. (NYSE:RXO) has been given an average recommendation of “Hold” by the fifteen brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.46.

Several equities analysts have recently weighed in on RXO shares. Wells Fargo & Company decreased their target price on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Tuesday, November 12th. Morgan Stanley dropped their target price on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group cut their price objective on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, Benchmark reissued a “hold” rating on shares of RXO in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RXO. Vanguard Group Inc. boosted its position in shares of RXO by 13.2% during the 4th quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock worth $410,137,000 after purchasing an additional 2,009,937 shares during the period. Norges Bank acquired a new position in RXO during the fourth quarter worth $28,342,000. Loomis Sayles & Co. L P purchased a new position in shares of RXO during the third quarter worth $27,964,000. Franklin Resources Inc. raised its holdings in shares of RXO by 122.6% in the 4th quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company’s stock valued at $39,971,000 after buying an additional 923,307 shares during the period. Finally, Zimmer Partners LP purchased a new stake in shares of RXO in the 3rd quarter valued at $22,680,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Stock Up 2.9 %

NYSE:RXO opened at $20.48 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The company’s fifty day moving average price is $23.51 and its 200-day moving average price is $26.48. RXO has a 1-year low of $18.75 and a 1-year high of $32.82. The firm has a market capitalization of $3.29 billion, a P/E ratio of -9.66, a PEG ratio of 4.55 and a beta of 1.53.

RXO (NYSE:RXO) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. As a group, equities research analysts anticipate that RXO will post 0.31 EPS for the current year.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.