RXO (NYSE:RXO) Trading 7.9% Higher – Should You Buy?

Rxo Inc (NYSE:RXO)’s share price shot up 7.9% during mid-day trading on Tuesday . The stock traded as high as $12.92 and last traded at $12.9050. 886,378 shares changed hands during trading, a decline of 64% from the average session volume of 2,463,831 shares. The stock had previously closed at $11.96.

Analysts Set New Price Targets

A number of analysts have weighed in on RXO shares. Citigroup raised their target price on shares of RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Benchmark reissued a “hold” rating on shares of RXO in a report on Monday, February 9th. Stephens set a $15.00 price objective on RXO in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RXO in a report on Monday, December 22nd. Finally, Stifel Nicolaus set a $15.00 target price on RXO in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.29.

RXO Stock Performance

The stock has a market capitalization of $2.10 billion, a P/E ratio of -22.25, a PEG ratio of 8.51 and a beta of 1.67. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $14.93 and a two-hundred day moving average price of $15.00.

RXO (NYSE:RXO) last released its quarterly earnings data on Friday, February 6th. The company reported ($0.07) 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 the consensus estimate of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. RXO’s revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. Equities analysts expect that Rxo Inc will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its position in RXO by 14.3% during the first quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock worth $444,000 after buying an additional 2,902 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of RXO by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock valued at $1,813,000 after acquiring an additional 4,134 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of RXO during the first quarter worth about $30,000. Strs Ohio bought a new position in shares of RXO in the first quarter worth approximately $97,000. Finally, Bank of New York Mellon Corp raised its stake in RXO by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 941,418 shares of the company’s stock valued at $14,799,000 after purchasing an additional 13,677 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Company Profile

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.