Rxo Inc (NYSE:RXO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Rxo Inc (NYSE:RXO) have been assigned an average rating of “Hold” from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $16.0714.

Several research firms have recently weighed in on RXO. UBS Group reiterated a “neutral” rating on shares of RXO in a research note on Sunday, February 8th. Barclays raised their price target on shares of RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. TD Cowen reissued a “hold” rating on shares of RXO in a research report on Friday, January 9th. Finally, Stifel Nicolaus set a $15.00 target price on RXO in a research note on Thursday, February 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RXO. Principal Financial Group Inc. lifted its stake in RXO by 11.8% during the 3rd quarter. Principal Financial Group Inc. now owns 791,799 shares of the company’s stock valued at $12,178,000 after acquiring an additional 83,305 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in shares of RXO in the 3rd quarter worth $4,026,000. Finepoint Capital LP purchased a new stake in shares of RXO in the third quarter valued at about $111,764,000. Frontier Capital Management Co. LLC raised its holdings in shares of RXO by 39.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,801,187 shares of the company’s stock valued at $28,315,000 after purchasing an additional 511,036 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of RXO by 67.3% during the second quarter. Russell Investments Group Ltd. now owns 191,318 shares of the company’s stock valued at $3,008,000 after purchasing an additional 76,965 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Stock Down 0.8%

Shares of RXO stock opened at $13.77 on Tuesday. The stock’s 50-day moving average is $14.71 and its 200 day moving average is $14.80. RXO has a one year low of $10.43 and a one year high of $19.65. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -23.73, a PEG ratio of 10.90 and a beta of 1.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27.

RXO (NYSE:RXO) last issued its quarterly earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. RXO’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts anticipate that RXO will post 0.31 EPS for the current year.

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.