Rxo Inc (NYSE:RXO) Receives $17.93 Consensus Target Price from Analysts

Shares of Rxo Inc (NYSE:RXO) have been assigned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.9286.

RXO has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on RXO from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, July 8th. Bank of America boosted their price objective on shares of RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Citigroup reaffirmed a “neutral” rating and set a $18.00 price objective (up from $15.00) on shares of RXO in a report on Wednesday, May 21st. Cowen reissued a “hold” rating on shares of RXO in a research report on Friday, August 8th. Finally, The Goldman Sachs Group decreased their price target on shares of RXO from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 8th.

RXO Trading Down 5.0%

Shares of NYSE RXO opened at $14.4950 on Monday. The business has a 50 day simple moving average of $15.93 and a 200 day simple moving average of $16.76. RXO has a 52 week low of $12.19 and a 52 week high of $31.98. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -6.71, a PEG ratio of 7.25 and a beta of 1.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.35.

RXO (NYSE:RXO) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. RXO had a negative net margin of 5.45% and a positive return on equity of 1.18%. RXO’s revenue for the quarter was up 52.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. On average, research analysts predict that RXO will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RXO

A number of institutional investors and hedge funds have recently bought and sold shares of RXO. Principal Financial Group Inc. boosted its holdings in RXO by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 707,430 shares of the company’s stock valued at $13,512,000 after purchasing an additional 23,160 shares during the period. New York State Teachers Retirement System raised its position in shares of RXO by 1.8% during the first quarter. New York State Teachers Retirement System now owns 115,904 shares of the company’s stock valued at $2,214,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC raised its position in shares of RXO by 1,728.8% during the first quarter. GAMMA Investing LLC now owns 36,997 shares of the company’s stock valued at $707,000 after buying an additional 34,974 shares during the last quarter. SG Americas Securities LLC grew its position in RXO by 251.2% during the first quarter. SG Americas Securities LLC now owns 51,761 shares of the company’s stock worth $989,000 after buying an additional 37,024 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in RXO in the 4th quarter valued at approximately $3,738,000. Institutional investors own 92.73% of the company’s stock.

About RXO

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.