Rxo Inc (NYSE:RXO) Given Average Recommendation of “Hold” by Analysts

Rxo Inc (NYSE:RXO) has been assigned an average recommendation of “Hold” from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.0769.

Several analysts have weighed in on the company. UBS Group boosted their price objective on RXO from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Barclays boosted their price objective on RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $18.00 price objective on shares of RXO in a research report on Friday, May 8th. Stifel Nicolaus upgraded RXO from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Friday, May 15th. Finally, Bank of America lowered their price objective on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th.

Hedge Funds Weigh In On RXO

Several hedge funds have recently made changes to their positions in the business. Orbis Allan Gray Ltd increased its stake in shares of RXO by 6.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock valued at $438,327,000 after buying an additional 2,104,597 shares during the period. Vanguard Group Inc. increased its stake in shares of RXO by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 17,309,811 shares of the company’s stock valued at $218,796,000 after buying an additional 93,130 shares during the period. Wellington Management Group LLP increased its stake 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 buying an additional 735,810 shares during the period. Finepoint Capital LP purchased a new position in shares of RXO during the third quarter valued at approximately $111,764,000. Finally, State Street Corp increased its stake in shares of RXO by 3.7% during the fourth quarter. State Street Corp now owns 6,370,232 shares of the company’s stock valued at $80,520,000 after buying an additional 230,053 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Stock Performance

Shares of RXO stock opened at $28.48 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. RXO has a fifty-two week low of $10.43 and a fifty-two week high of $29.86. The stock has a 50 day moving average price of $21.32 and a two-hundred day moving average price of $16.78. The company has a market capitalization of $4.70 billion, a P/E ratio of -46.69, a PEG ratio of 30.10 and a beta of 2.08.

RXO (NYSE:RXO) last announced its quarterly earnings data 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 firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The business’s revenue was down .6% on a year-over-year basis. Analysts expect that RXO will post 0.06 earnings per share for the current year.

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.