RXO, Inc. (NYSE:RXO) Receives $26.46 Average PT from Analysts

Shares of RXO, Inc. (NYSE:RXO) have received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $26.46.

Several equities analysts have recently issued reports on the stock. Susquehanna cut their price objective on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a report on Tuesday, November 12th. Wells Fargo & Company cut their price target on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered their price objective on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price objective on shares of RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Finally, Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Tuesday, November 12th.

Institutional Trading of RXO

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in RXO in the 4th quarter worth approximately $3,738,000. Mackenzie Financial Corp lifted its stake in shares of RXO by 37.2% in the 4th quarter. Mackenzie Financial Corp now owns 9,967 shares of the company’s stock valued at $238,000 after purchasing an additional 2,700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in RXO by 15.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 285,504 shares of the company’s stock worth $6,806,000 after buying an additional 37,916 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in RXO during the fourth quarter valued at $1,493,000. Finally, Tidal Investments LLC purchased a new position in RXO in the fourth quarter valued at $473,000. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Price Performance

NYSE RXO opened at $20.48 on Monday. The firm’s fifty day simple moving average is $23.51 and its two-hundred day simple moving average is $26.47. The firm has a market capitalization of $3.29 billion, a P/E ratio of -9.66, a P/E/G ratio of 4.55 and a beta of 1.53. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO has a 12-month low of $18.75 and a 12-month high of $32.82.

RXO (NYSE:RXO) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. Analysts forecast that RXO will post 0.31 EPS for the current fiscal year.

RXO Company Profile

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.