Rxo Inc (NYSE:RXO) Given Average Recommendation of “Hold” by Brokerages

Rxo Inc (NYSE:RXO) has been given a consensus rating of “Hold” by the nineteen research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.8529.

Several equities research analysts have issued reports on RXO shares. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Tuesday, July 28th. Susquehanna increased their price objective on shares of RXO from $18.00 to $20.00 and gave the company a “negative” rating in a research report on Tuesday, July 14th. Citigroup raised shares of RXO from a “market perform” rating to an “outperform” rating in a research report on Friday, August 7th. Citizens Jmp upgraded shares of RXO from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Friday, August 7th. Finally, BMO Capital Markets began coverage on shares of RXO in a report on Monday, July 13th. They set an “outperform” rating and a $35.00 target price for the company.

Institutional Investors Weigh In On RXO

A number of institutional investors have recently made changes to their positions in RXO. Cassaday & Co Wealth Management LLC acquired a new position in shares of RXO in the first quarter valued at approximately $29,000. Geneos Wealth Management Inc. bought a new position in shares of RXO during the first quarter worth approximately $30,000. Quarry LP acquired a new stake in RXO during the 3rd quarter worth approximately $33,000. City Holding Co. lifted its holdings in RXO by 227.6% during the 2nd quarter. City Holding Co. now owns 1,245 shares of the company’s stock worth $34,000 after purchasing an additional 865 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake 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 purchasing an additional 1,644 shares during the period. Institutional investors own 92.73% of the company’s stock.

RXO Price Performance

NYSE:RXO opened at $22.33 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $24.68 and its two-hundred day moving average price is $20.79. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of -36.60 and a beta of 2.10. RXO has a 12-month low of $10.43 and a 12-month high of $29.90.

RXO (NYSE:RXO) last issued its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company posted $0.04 EPS. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, analysts anticipate that RXO will post 0.13 earnings per share 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.