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

Shares of Rxo Inc (NYSE:RXO) have earned an average rating of “Hold” from the nineteen brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $16.6154.

RXO has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of RXO in a report on Monday. Stifel Nicolaus raised their price target on RXO from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. lifted their price objective on RXO from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, October 8th. Susquehanna dropped their target price on shares of RXO from $11.00 to $10.00 and set a “negative” rating on the stock in a report on Friday, November 7th. Finally, Morgan Stanley upgraded shares of RXO from an “equal weight” rating to an “overweight” rating and set a $19.00 price target for the company in a report on Tuesday, November 11th.

Insider Buying and Selling

In related news, Director Thomas A. Szlosek acquired 20,308 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $12.37 per share, with a total value of $251,209.96. Following the completion of the transaction, the director directly owned 36,508 shares in the company, valued at $451,603.96. This trade represents a 125.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Troy A. Cooper bought 8,317 shares of RXO stock in a transaction on Thursday, November 20th. The stock was purchased at an average price of $10.61 per share, with a total value of $88,243.37. Following the completion of the acquisition, the director directly owned 275,416 shares of the company’s stock, valued at $2,922,163.76. This represents a 3.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 40,250 shares of company stock valued at $488,875 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On RXO

Institutional investors have recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in shares of RXO during the second quarter worth $29,000. Geneos Wealth Management Inc. purchased a new position in RXO during the 1st quarter worth $30,000. Quarry LP acquired a new position in RXO during the 3rd quarter valued at about $33,000. Larson Financial Group LLC raised its stake in RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after buying an additional 1,644 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in RXO by 27.0% in the third quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock worth $49,000 after acquiring an additional 701 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Trading Down 1.1%

RXO stock opened at $12.61 on Friday. RXO has a twelve month low of $10.43 and a twelve month high of $26.92. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -29.32 and a beta of 1.74. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $14.31 and its two-hundred day simple moving average is $15.53.

RXO (NYSE:RXO) last announced its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). RXO had a negative net margin of 1.25% and a positive return on equity of 0.88%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the firm earned $0.05 EPS. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. As a group, analysts anticipate that RXO will post 0.31 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.