Rxo Inc (RXO) – What Are Analysts Thinking About This Stock?

Shares of Rxo Inc (NYSE:RXO) have been given a consensus recommendation of “Hold” by the twenty research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.08.

Several equities analysts have recently issued reports on the company. Citizens Jmp lowered RXO from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 15th. Citigroup lowered RXO from a “neutral” rating to a “market perform” rating in a research report on Thursday, October 15th. William Blair set a $30.00 price objective on RXO in a report on Friday, August 7th. BMO Capital Markets cut RXO from an “outperform” rating to a “hold” rating and set a $30.25 price objective for the company. in a report on Tuesday, October 6th. Finally, Truist Financial upped their target price on shares of RXO from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th.

Institutional Investors Weigh In On RXO

A number of institutional investors and hedge funds have recently modified their holdings of the business. Maple Rock Capital Partners Inc. acquired a new position in shares of RXO during the 2nd quarter worth about $71,283,000. Dimensional Fund Advisors LP increased its stake in shares of RXO by 32.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,048,903 shares of the company’s stock valued at $29,949,000 after acquiring an additional 504,955 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of RXO by 434,029.7% in the 1st quarter. Emerald Advisers LLC now owns 438,471 shares of the company’s stock valued at $6,410,000 after acquiring an additional 438,370 shares during the last quarter. Bank of America Corp DE raised its position in shares of RXO by 128.6% in the 1st quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock valued at $10,586,000 after acquiring an additional 407,285 shares during the period. Finally, Attestor Capital Ltd acquired a new stake in shares of RXO in the 4th quarter valued at approximately $3,610,000. 92.73% of the stock is owned by institutional investors.

RXO Trading Down 0.2%

RXO opened at $28.85 on Friday. RXO has a 1-year low of $10.43 and a 1-year high of $29.90. The stock has a market capitalization of $4.76 billion, a PE ratio of -47.30 and a beta of 2.10. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $23.15 and a two-hundred day moving average price of $23.31.

RXO (NYSE:RXO) last announced its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative net margin of 1.72% and a negative return on equity of 0.98%. RXO’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 earnings per share. As a group, equities analysts anticipate that RXO will post 0.15 earnings per share for the current fiscal year.

RXO Company Profile

RXO, Inc is a transportation and logistics company that connects shippers with motor carriers and other transportation providers. The company primarily operates an asset-light business model, arranging freight transportation rather than owning a large fleet of trucks.

Its services include truckload freight brokerage, managed transportation and last-mile delivery. RXO uses technology and logistics expertise to help businesses source transportation capacity, manage shipments and coordinate deliveries across their supply chains.

RXO serves customers throughout North America, including the United States, Canada and Mexico.