Rxo Inc (NYSE:RXO) Given Consensus Rating of “Hold” by Analysts

Shares of Rxo Inc (NYSE:RXO) have received an average recommendation of “Hold” from the nineteen brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.6154.

A number of research firms have issued reports on RXO. Zacks Research upgraded RXO from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Morgan Stanley upgraded shares of RXO from an “equal weight” rating to an “overweight” rating and set a $19.00 price target on the stock in a report on Tuesday, November 11th. Barclays decreased their price objective on shares of RXO from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, November 7th. JPMorgan Chase & Co. raised their target price on shares of RXO from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Friday, December 12th.

Insiders Place Their Bets

In other RXO news, Director Troy A. Cooper purchased 8,317 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of $10.61 per share, with a total value of $88,243.37. Following the transaction, the director directly owned 275,416 shares in the company, valued at approximately $2,922,163.76. The trade was a 3.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew M. Wilkerson acquired 7,775 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $12.88 per share, for a total transaction of $100,142.00. Following the purchase, the chief executive officer directly owned 7,775 shares of the company’s stock, valued at $100,142. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 40,250 shares of company stock worth $488,875. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in RXO by 19.0% in the 1st quarter. Invesco Ltd. now owns 754,778 shares of the company’s stock worth $14,416,000 after purchasing an additional 120,275 shares in the last quarter. Nuveen LLC bought a new position in shares of RXO in the first quarter worth approximately $8,107,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of RXO in the first quarter worth approximately $97,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of RXO during the first quarter valued at approximately $56,693,000. Finally, Penn Capital Management Company LLC increased its position in shares of RXO by 21.3% during the first quarter. Penn Capital Management Company LLC now owns 710,290 shares of the company’s stock valued at $13,604,000 after acquiring an additional 124,540 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Price Performance

RXO stock opened at $12.73 on Friday. The firm has a 50 day simple moving average of $14.22 and a two-hundred day simple moving average of $15.50. The stock has a market cap of $2.09 billion, a PE ratio of -29.59 and a beta of 1.74. RXO has a one year low of $10.43 and a one year high of $26.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 1.32.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share 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 company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business posted $0.05 EPS. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, analysts predict that RXO will post 0.31 EPS for the current fiscal 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.