RXO (NYSE:RXO) Receives “Equal Weight” Rating from Stephens

RXO (NYSE:RXO)‘s stock had its “equal weight” rating reissued by stock analysts at Stephens in a research note issued to investors on Monday, Benzinga reports. They presently have a $22.00 target price on the stock. Stephens’ target price would suggest a potential upside of 6.18% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus upped their price target on RXO from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Bank of America cut shares of RXO from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $22.00 in a research note on Thursday, February 8th. TD Cowen increased their price objective on shares of RXO from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Benchmark reissued a “hold” rating on shares of RXO in a research note on Friday, April 19th. Finally, Susquehanna raised their price target on shares of RXO from $15.00 to $16.00 and gave the company a “negative” rating in a research note on Monday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.55.

RXO Stock Performance

Shares of RXO stock opened at $20.72 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.14 and a quick ratio of 1.17. The business has a fifty day moving average of $20.57 and a 200 day moving average of $20.92. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of -229.67, a price-to-earnings-growth ratio of 7.91 and a beta of 1.24. RXO has a 1 year low of $16.94 and a 1 year high of $24.33.

RXO (NYSE:RXO) last posted its earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $913.00 million during the quarter, compared to the consensus estimate of $929.50 million. RXO had a negative net margin of 0.29% and a positive return on equity of 3.23%. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, research analysts expect that RXO will post 0.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Mfn Partners, Lp bought 5,139 shares of the stock in a transaction on Friday, April 12th. The stock was purchased at an average cost of $20.39 per share, with a total value of $104,784.21. Following the purchase, the insider now owns 15,593,694 shares of the company’s stock, valued at $317,955,420.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought 2,047,358 shares of company stock valued at $41,441,391 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Douglas Lane & Associates LLC raised its stake in shares of RXO by 2.6% in the 1st quarter. Douglas Lane & Associates LLC now owns 2,646,147 shares of the company’s stock valued at $57,871,000 after acquiring an additional 66,757 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in RXO by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,965,164 shares of the company’s stock valued at $38,773,000 after purchasing an additional 23,497 shares in the last quarter. Dimensional Fund Advisors LP raised its position in RXO by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,869,583 shares of the company’s stock valued at $43,489,000 after purchasing an additional 93,885 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of RXO by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,823,519 shares of the company’s stock worth $42,415,000 after purchasing an additional 141,056 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of RXO by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 1,777,512 shares of the company’s stock worth $41,345,000 after buying an additional 138,365 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.