Rxo Inc (NYSE:RXO) Stock Has Average Price Target of $27.32

Rxo Inc (NYSE:RXO) has been assigned an average rating of “Hold” from the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $27.32.

A number of brokerages have weighed in on RXO. The Goldman Sachs Group upped their price objective on shares of RXO from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings restated a “sell (d-)” rating on shares of RXO in a research report on Tuesday, September 1st. UBS Group upped their target price on RXO from $23.00 to $30.25 and gave the stock a “neutral” rating in a research note on Wednesday, November 4th. William Blair set a $30.00 price objective on shares of RXO in a report on Friday, August 7th. Finally, Stifel Nicolaus set a $31.00 target price on shares of RXO in a research report on Friday, August 7th.

RXO Price Performance

NYSE RXO opened at $27.92 on Wednesday. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -54.75 and a beta of 1.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s fifty day moving average price is $24.61 and its 200 day moving average price is $21.46. RXO has a 1 year low of $10.43 and a 1 year high of $29.90.

RXO (NYSE:RXO) last released its earnings results on Thursday, October 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. RXO had a negative return on equity of 0.07% and a negative net margin of 1.35%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. As a group, equities research analysts forecast that RXO will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Intrinsic Edge Capital Management LLC purchased a new stake in shares of RXO during the first quarter worth approximately $3,655,000. Sei Investments Co. raised its stake in RXO by 71.7% in the 1st quarter. Sei Investments Co. now owns 133,339 shares of the company’s stock valued at $1,949,000 after purchasing an additional 55,680 shares during the last quarter. Fifth Third Bancorp lifted its holdings in RXO by 21,691.7% in the 1st quarter. Fifth Third Bancorp now owns 146,222 shares of the company’s stock valued at $2,138,000 after purchasing an additional 145,551 shares in the last quarter. Bank of America Corp DE lifted its holdings in 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 purchasing an additional 407,285 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in RXO in the 2nd quarter valued at about $71,283,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

About RXO

RXO, Inc. is an asset-light transportation and logistics provider that connects shippers with carriers through a technology-enabled freight brokerage platform. Its services include truckload and less-than-truckload brokerage, managed transportation, freight forwarding and last-mile delivery. The company serves customers primarily across North America, coordinating transportation for a range of industries and shipment types. Its technology helps customers manage shipping activity and provides visibility into freight movements.