Rxo Inc (NYSE:RXO) Receives Average Rating of “Hold” from Analysts

Shares of Rxo Inc (NYSE:RXO) have been given an average recommendation of “Hold” by the nineteen analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $16.6154.

Several research analysts have issued reports on RXO shares. Wolfe Research upgraded shares of RXO from an “underperform” rating to a “peer perform” rating in a report on Friday, November 14th. Zacks Research raised shares of RXO from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. JPMorgan Chase & Co. increased their price objective on shares of RXO from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of RXO from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, UBS Group lowered their target price on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, November 7th.

RXO Trading Down 4.4%

RXO opened at $13.59 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average is $14.67 and its two-hundred day moving average is $15.62. The company has a market capitalization of $2.23 billion, a P/E ratio of -31.60 and a beta of 1.74. RXO has a 52 week low of $10.43 and a 52 week high of $26.92.

RXO (NYSE:RXO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. RXO had a positive return on equity of 0.88% and a negative net margin of 1.25%.RXO’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. Analysts forecast that RXO will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Troy A. Cooper purchased 8,317 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average cost of $10.61 per share, with a total value of $88,243.37. Following the completion of the transaction, the director owned 275,416 shares in the company, valued at $2,922,163.76. This represents a 3.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew M. Wilkerson purchased 7,775 shares of the stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $12.88 per share, for a total transaction of $100,142.00. Following the completion of the acquisition, the chief executive officer directly owned 7,775 shares in the company, valued at approximately $100,142. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 40,250 shares of company stock worth $488,875 in the last three months. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On RXO

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Finepoint Capital LP purchased a new position in RXO in the third quarter worth $111,764,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of RXO in the 1st quarter worth $56,693,000. Orbis Allan Gray Ltd boosted its position in shares of RXO by 3.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 31,375,221 shares of the company’s stock worth $493,218,000 after purchasing an additional 1,142,710 shares in the last quarter. Franklin Resources Inc. grew its stake in RXO by 91.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,328,843 shares of the company’s stock worth $35,818,000 after buying an additional 1,110,530 shares during the last quarter. Finally, Norges Bank acquired a new position in RXO during the 2nd quarter valued at about $16,949,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

About RXO

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.