RXO (NYSE:RXO) Downgraded to Sell Rating by Wall Street Zen

RXO (NYSE:RXO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research analysts have also recently weighed in on RXO. Weiss Ratings reissued a “sell (d-)” rating on shares of RXO in a report on Wednesday, October 8th. Stifel Nicolaus increased their target price on RXO from $14.00 to $17.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. UBS Group dropped their price target on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday. Benchmark restated a “hold” rating on shares of RXO in a research note on Wednesday, October 22nd. Finally, Susquehanna lowered their price objective on RXO from $11.00 to $10.00 and set a “negative” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.85.

RXO Stock Down 8.0%

Shares of RXO stock opened at $12.47 on Friday. The firm’s fifty day moving average price is $16.70 and its two-hundred day moving average price is $16.02. The company has a current ratio of 1.32, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. RXO has a 1 year low of $12.16 and a 1 year high of $31.11. The firm has a market capitalization of $2.04 billion, a P/E ratio of -28.99, a PEG ratio of 8.53 and a beta of 1.67.

RXO (NYSE:RXO) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. RXO had a negative net margin of 1.25% and a positive return on equity of 0.88%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. On average, equities analysts predict that RXO will post 0.31 EPS for the current fiscal year.

Institutional Trading of RXO

Several hedge funds have recently modified their holdings of RXO. Teacher Retirement System of Texas bought a new stake in RXO in the 1st quarter valued at about $292,000. Principal Financial Group Inc. grew its stake in RXO by 3.4% in the first quarter. Principal Financial Group Inc. now owns 707,430 shares of the company’s stock valued at $13,512,000 after acquiring an additional 23,160 shares during the period. Envestnet Asset Management Inc. grew its stake in RXO by 4.0% in the first quarter. Envestnet Asset Management Inc. now owns 70,917 shares of the company’s stock valued at $1,355,000 after acquiring an additional 2,741 shares during the period. New York State Common Retirement Fund increased its holdings in shares of RXO by 7.3% during the first quarter. New York State Common Retirement Fund now owns 482,243 shares of the company’s stock valued at $9,211,000 after acquiring an additional 32,820 shares in the last quarter. Finally, Emerald Advisers LLC raised its position in shares of RXO by 0.3% during the first quarter. Emerald Advisers LLC now owns 854,986 shares of the company’s stock worth $16,330,000 after purchasing an additional 2,493 shares during the period. 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.