RXO’s (RXO) Sell (D-) Rating Reiterated at Weiss Ratings

RXO (NYSE:RXO)‘s stock had its “sell (d-)” rating restated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the company. Barclays cut their price target on RXO from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Morgan Stanley dropped their price objective on RXO from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Cowen reissued a “hold” rating on shares of RXO in a report on Friday, August 8th. Wall Street Zen raised RXO from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Susquehanna set a $12.00 price objective on RXO and gave the stock a “neutral” rating in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.23.

RXO Stock Performance

RXO stock opened at $18.11 on Wednesday. The stock has a 50-day simple moving average of $15.96 and a 200 day simple moving average of $15.80. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. RXO has a 12-month low of $12.19 and a 12-month high of $31.98. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of -8.38, a P/E/G ratio of 8.19 and a beta of 1.65.

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

Institutional Trading of RXO

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Yousif Capital Management LLC increased its stake in shares of RXO by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 53,228 shares of the company’s stock valued at $837,000 after acquiring an additional 631 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of RXO by 25.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,433 shares of the company’s stock valued at $54,000 after acquiring an additional 688 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of RXO by 1.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 41,910 shares of the company’s stock valued at $659,000 after acquiring an additional 751 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of RXO by 5.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 16,154 shares of the company’s stock valued at $254,000 after acquiring an additional 892 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of RXO by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 104,861 shares of the company’s stock valued at $1,648,000 after acquiring an additional 1,007 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

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.