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

Rxo Inc (NYSE:RXO) has received a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.4286.

Several brokerages have issued reports on RXO. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 target price (up from $19.00) on shares of RXO in a research report on Thursday, May 7th. Truist Financial increased their price objective on shares of RXO from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus raised their price objective on shares of RXO from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings upgraded shares of RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. Finally, UBS Group boosted their target price on shares of RXO from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th.

Institutional Investors Weigh In On RXO

Several hedge funds and other institutional investors have recently modified their holdings of RXO. Royal Bank of Canada raised its holdings in RXO by 14.3% in the 1st quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock worth $444,000 after purchasing an additional 2,902 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in RXO by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock valued at $1,813,000 after purchasing an additional 4,134 shares during the period. Geneos Wealth Management Inc. purchased a new stake in RXO in the first quarter worth about $30,000. Strs Ohio purchased a new stake in RXO in the first quarter worth about $97,000. Finally, Quantbot Technologies LP bought a new position in shares of RXO in the second quarter worth about $245,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

RXO News Summary

Here are the key news stories impacting RXO this week:

• Positive Sentiment: BMO Capital Markets initiated coverage on RXO with an outperform rating and a $35 price target, implying meaningful upside from recent levels and signaling confidence in the company’s ability to benefit from tightening truckload market conditions. BMO Capital Starts RXO at Outperform
• Positive Sentiment: Truist Financial raised its price target on RXO from $26 to $30 and maintained a buy rating, reinforcing the view that the stock still has room to run. Truist Raises RXO Price Target
• Positive Sentiment: RXO announced a partnership with Highway to enhance freight security and streamline carrier onboarding, which could improve network integrity and operational efficiency while addressing freight fraud and cargo theft concerns. RXO Partners with Highway
• Neutral Sentiment: Citizens JMP initiated coverage with a market perform rating, suggesting a more cautious stance that may temper some of the bullish enthusiasm. Citizens JMP Initiates Coverage on RXO
• Neutral Sentiment: Susquehanna also raised its target on RXO to $20 but kept a negative rating, reflecting a less optimistic view even as valuation assumptions improved. Susquehanna Raises RXO Price Target

RXO Price Performance

Shares of RXO opened at $27.20 on Thursday. The firm has a fifty day simple moving average of $25.42 and a two-hundred day simple moving average of $18.88. The firm has a market cap of $4.49 billion, a PE ratio of -44.59 and a beta of 2.03. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. RXO has a 1-year low of $10.43 and a 1-year high of $29.86.

RXO (NYSE:RXO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.RXO’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) earnings per share. On average, equities analysts anticipate that RXO will post 0.07 EPS for the current year.

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.