RXO (NYSE:RXO) Given “Hold” Rating at Benchmark

Benchmark reiterated their hold rating on shares of RXO (NYSE:RXO) in a research note released on Wednesday,Benzinga reports.

RXO has been the subject of several other research reports. Citigroup lowered shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Tuesday, November 12th. Wells Fargo & Company reduced their target price on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of RXO in a research note on Monday, November 18th. Oppenheimer reiterated an “outperform” rating and issued a $31.00 target price on shares of RXO in a research note on Tuesday, September 17th. Finally, Jefferies Financial Group reduced their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, RXO presently has a consensus rating of “Hold” and a consensus target price of $26.77.

RXO Stock Performance

Shares of RXO stock opened at $25.24 on Wednesday. The firm has a fifty day simple moving average of $27.02 and a two-hundred day simple moving average of $27.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. RXO has a 12 month low of $18.75 and a 12 month high of $32.82.

RXO (NYSE:RXO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $956.19 million. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. RXO’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. Analysts expect that RXO will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RXO

Several institutional investors have recently added to or reduced their stakes in RXO. MFN Partners Management LP lifted its holdings in shares of RXO by 11.0% in the second quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock worth $452,679,000 after buying an additional 1,722,301 shares in the last quarter. State Street Corp lifted its holdings in shares of RXO by 13.3% in the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock worth $143,498,000 after buying an additional 602,741 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of RXO by 16.9% in the third quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock worth $85,563,000 after buying an additional 441,994 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of RXO by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,068,380 shares of the company’s stock worth $57,915,000 after buying an additional 136,886 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of RXO by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company’s stock worth $53,153,000 after buying an additional 176,041 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.