RXO (NYSE:RXO) Stock Price Down 7.6% – Time to Sell?

Rxo Inc (NYSE:RXO) shares traded down 7.6% on Thursday . The stock traded as low as $16.75 and last traded at $18.30. 1,237,393 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 2,260,998 shares. The stock had previously closed at $19.81.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of RXO from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Bank of America reduced their target price 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. Wells Fargo & Company increased their target price on shares of RXO from $15.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of RXO from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Barclays increased their target price on shares of RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.08.

RXO Stock Up 6.7%

The company has a market cap of $3.08 billion, a PE ratio of -30.64, a P/E/G ratio of 19.47 and a beta of 1.96. The company’s 50 day moving average is $16.42 and its 200 day moving average is $15.11. 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 (NYSE:RXO) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.34 billion. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) EPS. As a group, analysts predict that Rxo Inc will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RXO. Flagship Harbor Advisors LLC purchased a new position in RXO in the 4th quarter worth about $25,000. Cassaday & Co Wealth Management LLC purchased a new position in RXO during the 1st quarter valued at about $29,000. Geneos Wealth Management Inc. purchased a new position in RXO during the 1st quarter valued at about $30,000. Quarry LP purchased a new position in RXO during the 3rd quarter valued at about $33,000. Finally, Larson Financial Group LLC increased 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 valued at $43,000 after purchasing an additional 1,644 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

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.