Rxo Inc (NYSE:RXO) Receives $16.00 Consensus Target Price from Analysts

Rxo Inc (NYSE:RXO) has been given a consensus recommendation of “Hold” by the sixteen analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $16.00.

RXO has been the topic of several recent analyst reports. Stifel Nicolaus set a $15.00 target price on shares of RXO in a report on Thursday, February 5th. Benchmark reiterated a “hold” rating on shares of RXO in a report on Monday, February 9th. Susquehanna increased their price objective on RXO from $12.00 to $14.00 and gave the stock a “negative” rating in a research report on Wednesday, April 22nd. Truist Financial raised their target price on RXO from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, TD Cowen restated a “hold” rating on shares of RXO in a research report on Friday, January 9th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Finepoint Capital LP purchased a new position in RXO during the third quarter worth about $111,764,000. Orbis Allan Gray Ltd raised its stake in shares of RXO by 6.5% in the 4th quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock valued at $438,327,000 after acquiring an additional 2,104,597 shares during the period. Franklin Resources Inc. lifted its holdings in shares of RXO by 91.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,328,843 shares of the company’s stock worth $35,818,000 after acquiring an additional 1,110,530 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of RXO in the 4th quarter worth approximately $11,224,000. Finally, Wellington Management Group LLP boosted its position in shares of RXO by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock worth $153,780,000 after purchasing an additional 735,810 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Stock Up 0.3%

NYSE RXO opened at $19.44 on Friday. The business’s fifty day simple moving average is $15.40 and its 200-day simple moving average is $14.89. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.20 billion, a PE ratio of -33.51, a P/E/G ratio of 34.65 and a beta of 1.65. RXO has a 52 week low of $10.43 and a 52 week high of $20.18.

RXO (NYSE:RXO) last announced its quarterly earnings data on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that RXO will post 0.02 earnings per share for the current year.

RXO Company Profile

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.