RXO (NYSE:RXO) Stock Price Down 8.6% – What’s Next?

Shares of Rxo Inc (NYSE:RXO) traded down 8.6% during trading on Friday . The stock traded as low as $14.02 and last traded at $14.12. 197,894 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 2,518,126 shares. The stock had previously closed at $15.45.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Benchmark restated a “hold” rating on shares of RXO in a report on Monday, February 9th. TD Cowen reiterated a “hold” rating on shares of RXO in a report on Friday, January 9th. Stephens set a $15.00 target price on shares of RXO in a research report on Monday, February 9th. Wolfe Research upgraded RXO from an “underperform” rating to a “peer perform” rating in a report on Friday, November 14th. Finally, Barclays boosted their price target on RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.29.

RXO Trading Down 11.1%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -23.69, a price-to-earnings-growth ratio of 9.65 and a beta of 1.67. The business has a fifty day moving average price of $14.94 and a 200 day moving average price of $15.14.

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 the consensus estimate of ($0.04) by ($0.03). RXO had a negative return on equity of 0.44% and a negative net margin of 1.74%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s revenue was down 11.9% on a year-over-year basis. On average, equities analysts expect that Rxo Inc will post 0.31 EPS for the current fiscal year.

Institutional Trading of RXO

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC acquired a new position in shares of RXO during the fourth quarter valued at about $25,000. AlphaQuest LLC acquired a new stake in RXO during the second quarter worth about $29,000. Geneos Wealth Management Inc. bought a new position in RXO during the first quarter valued at about $30,000. Quarry LP bought a new position in RXO during the third quarter valued at about $33,000. Finally, Larson Financial Group LLC raised its holdings in RXO by 146.5% in the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after acquiring an additional 1,644 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.