RXO (NYSE:RXO) Sets New 12-Month Low – What’s Next?

RXO, Inc. (NYSE:RXO) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $18.43 and last traded at $18.77, with a volume of 390681 shares traded. The stock had previously closed at $19.22.

Wall Street Analyst Weigh In

RXO has been the subject of several analyst reports. Wells Fargo & Company cut their price target 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 lowered 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. Barclays decreased their price target on RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of RXO in a research report on Friday. They issued a “hold” rating and a $19.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, RXO presently has an average rating of “Hold” and a consensus target price of $25.93.

RXO Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The stock has a fifty day simple moving average of $23.03 and a two-hundred day simple moving average of $26.09. The stock has a market cap of $2.88 billion, a PE ratio of -8.32, a PEG ratio of 4.55 and a beta of 1.67.

RXO (NYSE:RXO) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Equities analysts anticipate that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RXO. Blue Trust Inc. grew its position in shares of RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after buying an additional 510 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in RXO during the 3rd quarter worth $28,000. Smartleaf Asset Management LLC grew its holdings in RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after acquiring an additional 868 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of RXO by 407.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after purchasing an additional 1,445 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

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.