RXO (NYSE:RXO) Reaches New 1-Year High – Time to Buy?

Shares of Rxo Inc (NYSE:RXO) hit a new 52-week high during trading on Friday . The company traded as high as $20.38 and last traded at $20.00, with a volume of 73816 shares trading hands. The stock had previously closed at $19.97.

Analyst Ratings Changes

Several brokerages recently issued reports on RXO. Citigroup raised their price target on RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Bank of America lowered their price objective on shares of RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Barclays upped their target price on RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Susquehanna boosted their price objective on RXO from $12.00 to $14.00 and gave the stock a “negative” rating in a research note on Wednesday, April 22nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of RXO in a research note on Sunday, February 8th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

RXO Stock Down 0.3%

The stock has a fifty day moving average of $15.65 and a 200-day moving average of $14.98. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of -34.32, a PEG ratio of 34.12 and a beta of 1.65. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25.

RXO (NYSE:RXO) last announced its earnings results on Friday, February 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, sell-side analysts expect that Rxo Inc will post 0.02 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new position in shares of RXO in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of RXO in the 1st quarter valued at approximately $30,000. Quarry LP acquired a new position in RXO in the 3rd quarter worth approximately $33,000. Larson Financial Group LLC grew its position in RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in RXO by 27.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after purchasing an additional 701 shares during the period. 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.