RXO (NYSE:RXO) Hits New 1-Year High – What’s Next?

Rxo Inc (NYSE:RXO) shares reached a new 52-week high on Friday . The company traded as high as $27.83 and last traded at $27.3950, with a volume of 298328 shares trading hands. The stock had previously closed at $27.63.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RXO. Barclays increased their price objective on RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Susquehanna increased their price objective on RXO from $14.00 to $18.00 and gave the company a “negative” rating in a report on Friday, May 8th. Stephens set a $15.00 price objective on RXO in a report on Monday, February 9th. Bank of America reduced their price objective on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, TD Cowen raised their price target on RXO from $14.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.08.

RXO Stock Down 2.3%

The company has a market cap of $4.45 billion, a P/E ratio of -44.24, a price-to-earnings-growth ratio of 28.48 and a beta of 2.08. The company has a 50 day moving average of $19.64 and a 200-day moving average of $16.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.27.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) earnings per share. On average, equities analysts predict that Rxo Inc will post 0.06 earnings per share for the current year.

Institutional Investors Weigh In On RXO

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in RXO by 128.6% during the first quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock valued at $10,586,000 after purchasing an additional 407,285 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in RXO during the first quarter valued at about $3,655,000. Amundi raised its position in RXO by 28.8% during the first quarter. Amundi now owns 17,589 shares of the company’s stock valued at $257,000 after purchasing an additional 3,938 shares in the last quarter. California State Teachers Retirement System raised its position in RXO by 28.8% during the first quarter. California State Teachers Retirement System now owns 136,414 shares of the company’s stock valued at $1,994,000 after purchasing an additional 30,515 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in RXO by 52.4% during the first quarter. Quantinno Capital Management LP now owns 80,187 shares of the company’s stock valued at $1,172,000 after purchasing an additional 27,573 shares in the last quarter. Hedge funds and other 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.