RXO (NYSE:RXO) Rating Reiterated by Benchmark

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

Other equities research analysts have also recently issued reports about the company. Raymond James began coverage on RXO in a research note on Wednesday, May 15th. They issued a market perform rating on the stock. Stephens reissued an equal weight rating and issued a $22.00 target price on shares of RXO in a research note on Monday, May 6th. Susquehanna increased their target price on RXO from $15.00 to $16.00 and gave the stock a negative rating in a research note on Monday, March 25th. Oppenheimer cut their target price on RXO from $23.00 to $22.00 and set an outperform rating on the stock in a research note on Tuesday, February 13th. Finally, TD Cowen increased their price objective on RXO from $19.00 to $20.00 and gave the company a hold rating in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, RXO presently has a consensus rating of Hold and an average target price of $19.90.

RXO Stock Performance

Shares of RXO stock opened at $20.06 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $2.36 billion, a P/E ratio of -222.89, a PEG ratio of 7.98 and a beta of 1.27. The stock has a 50 day moving average price of $20.34 and a two-hundred day moving average price of $21.24. RXO has a fifty-two week low of $16.94 and a fifty-two week high of $24.33.

RXO (NYSE:RXO) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The company had revenue of $913.00 million for the quarter, compared to analysts’ expectations of $929.50 million. RXO had a positive return on equity of 3.23% and a negative net margin of 0.29%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Analysts expect that RXO will post 0.17 earnings per share for the current year.

Insider Buying and Selling at RXO

In other news, major shareholder Mfn Partners, Lp bought 5,139 shares of the stock in a transaction on Friday, April 12th. The shares were bought at an average price of $20.39 per share, with a total value of $104,784.21. Following the completion of the acquisition, the insider now owns 15,593,694 shares in the company, valued at $317,955,420.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have bought 1,128,060 shares of company stock valued at $22,099,090. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund raised its stake in shares of RXO by 0.8% in the first quarter. Illinois Municipal Retirement Fund now owns 69,190 shares of the company’s stock worth $1,513,000 after buying an additional 543 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of RXO by 1.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,904 shares of the company’s stock worth $1,231,000 after buying an additional 820 shares during the period. Rhumbline Advisers raised its stake in shares of RXO by 0.3% in the third quarter. Rhumbline Advisers now owns 353,816 shares of the company’s stock worth $6,981,000 after buying an additional 905 shares during the period. Hohimer Wealth Management LLC raised its stake in shares of RXO by 2.4% in the fourth quarter. Hohimer Wealth Management LLC now owns 46,405 shares of the company’s stock worth $1,079,000 after buying an additional 1,109 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of RXO in the fourth quarter worth about $27,000. Institutional investors own 92.73% of the company’s stock.

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.