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

Rxo Inc (NYSE:RXO) has earned a consensus rating of “Hold” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.0769.

RXO has been the subject of a number of recent analyst reports. UBS Group increased their price target on RXO from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Benchmark reiterated a “hold” rating on shares of RXO in a research report on Monday, February 9th. Barclays increased their price target on RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Zacks Research upgraded RXO from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Weiss Ratings upgraded RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th.

RXO Trading Up 10.7%

Shares of RXO stock opened at $21.14 on Wednesday. The stock has a 50-day simple moving average of $16.64 and a 200 day simple moving average of $15.13. RXO has a fifty-two week low of $10.43 and a fifty-two week high of $23.37. The stock has a market capitalization of $3.49 billion, a P/E ratio of -34.66, a P/E/G ratio of 21.24 and a beta of 1.96. 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 (NYSE:RXO) last announced its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted ($0.03) earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that RXO will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RXO

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in RXO by 11.8% in the 3rd quarter. Principal Financial Group Inc. now owns 791,799 shares of the company’s stock worth $12,178,000 after acquiring an additional 83,305 shares in the last quarter. Finepoint Capital LP purchased a new stake in RXO in the 3rd quarter worth about $111,764,000. Cornerstone Wealth Group LLC purchased a new stake in RXO in the 3rd quarter worth about $4,026,000. Public Sector Pension Investment Board lifted its stake in RXO by 31.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 639,606 shares of the company’s stock worth $9,837,000 after acquiring an additional 153,468 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in RXO by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 17,216,681 shares of the company’s stock worth $264,793,000 after acquiring an additional 233,434 shares in the last quarter. Institutional investors and hedge funds 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.