Benchmark Reaffirms “Hold” Rating for RXO (NYSE:RXO)

RXO (NYSE:RXO)‘s stock had its “hold” rating reissued by research analysts at Benchmark in a research report issued on Wednesday,Benzinga reports.

RXO has been the subject of several other research reports. Wells Fargo & Company decreased their price objective on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Citigroup cut RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price target on shares of RXO in a research report on Monday, November 18th. Oppenheimer reissued an “outperform” rating and issued a $31.00 price objective on shares of RXO in a report on Tuesday, September 17th. Finally, Susquehanna decreased their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.77.

RXO Trading Up 0.6 %

NYSE:RXO opened at $24.94 on Wednesday. The company has a market cap of $4.01 billion, a P/E ratio of -12.60, a price-to-earnings-growth ratio of 15.82 and a beta of 1.52. RXO has a twelve month low of $18.75 and a twelve month high of $32.82. The business has a 50 day moving average price of $27.02 and a two-hundred day moving average price of $27.82. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

RXO (NYSE:RXO) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $1.04 billion for 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%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. As a group, analysts expect that RXO will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On RXO

Several institutional investors and hedge funds have recently modified their holdings of RXO. Wilmington Savings Fund Society FSB acquired a new stake in shares of RXO during the 3rd quarter worth about $28,000. Nomura Asset Management Co. Ltd. raised its holdings in RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after acquiring an additional 570 shares during the period. GAMMA Investing LLC lifted its position in RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after acquiring an additional 510 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of RXO by 407.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after acquiring an additional 1,445 shares during the period. Finally, KBC Group NV grew its position in shares of RXO by 28.1% in the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after purchasing an additional 890 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

About RXO

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.