QXO (NYSE:QXO) Research Coverage Started at Melius Research

by · The Markets Daily

Melius Research began coverage on shares of QXO (NYSE:QXO – Free Report) in a report issued on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $17.00 price objective on the stock.

Several other equities analysts have also commented on QXO. Morgan Stanley began coverage on shares of QXO in a report on Tuesday, August 4th. They issued an “overweight” rating and a $35.00 price objective on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $27.00 target price on shares of QXO in a report on Friday, July 10th. Wall Street Zen raised QXO from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 25th. Zacks Research upgraded QXO from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Benchmark restated a “buy” rating on shares of QXO in a research note on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.79.

View Our Latest Stock Analysis on QXO

QXO Stock Down 1.5%

Shares of NYSE:QXO opened at $11.14 on Tuesday. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of -12.37, a PEG ratio of 2.06 and a beta of 2.30. QXO has a 12-month low of $10.77 and a 12-month high of $27.61. The business has a 50-day moving average price of $13.18 and a 200 day moving average price of $16.10. The company has a current ratio of 4.11, a quick ratio of 3.29 and a debt-to-equity ratio of 0.66.

QXO (NYSE:QXO – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Sell-side analysts expect that QXO will post 0.28 EPS for the current year.

Hedge Funds Weigh In On QXO

Several institutional investors have recently modified their holdings of the business. Carnegie Investment Counsel boosted its stake in shares of QXO by 38.6% in the 1st quarter. Carnegie Investment Counsel now owns 309,644 shares of the company’s stock valued at $6,013,000 after buying an additional 86,265 shares during the period. CI Investments Inc. increased its stake in shares of QXO by 4.1% during the first quarter. CI Investments Inc. now owns 2,598,840 shares of the company’s stock worth $50,469,000 after buying an additional 102,838 shares during the period. Hudson Value Partners LLC increased its stake in shares of QXO by 87.6% during the second quarter. Hudson Value Partners LLC now owns 215,998 shares of the company’s stock worth $3,732,000 after buying an additional 100,856 shares during the period. Griffin Asset Management Inc. acquired a new stake in QXO in the first quarter valued at approximately $2,057,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in QXO in the first quarter valued at approximately $1,610,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

More QXO News

Here are the key news stories impacting QXO this week:

  • Positive Sentiment: Royal Bank of Canada maintained an Outperform rating despite lowering its price target to $18 from $27, implying substantial upside from recent levels. RBC Adjusts Price Target on QXO to $18 From $27, Maintains Outperform Rating
  • Positive Sentiment: Institutional ownership data showed more investors adding than reducing QXO positions in the latest quarter, including sizable additions by Baillie Gifford, BlackRock, UBS, Morgan Stanley, and other investment firms. This may signal continued long-term institutional interest, although it has not offset near-term selling pressure.
  • Neutral Sentiment: Truist reduced its price target to $15 from $26 but retained a Buy rating, indicating that the firm remains constructive on QXO’s longer-term prospects while lowering its near-term valuation expectations. Truist Cuts Price Target on QXO to $15 From $26, Keeps Buy Rating
  • Negative Sentiment: QXO hit fresh 52-week lows as soft residential roofing demand pressured expectations for sales, margins, and near-term operating performance. QXO Hits Fresh 52-Week Lows on Soft Residential Roofing Demand
  • Negative Sentiment: RBC’s target reduction to $18 contributed to a sharp selloff, reflecting concerns about weaker building-products demand in 2027 and the sector’s exposure to housing and construction cycles. Stock Market Today: QXO Falls on RBC Price-Target Cut
  • Negative Sentiment: Investors remain concerned about integrating QXO’s large acquisitions, including TopBuild, and about the company’s ability to generate expected synergies while managing its expanded balance sheet. These execution risks are weighing on confidence in QXO’s acquisition-driven growth strategy. QXO Falls as Sector Caution and Integration Concerns Weigh on Shares

QXO Company Profile

(Get Free Report)

QXO, Inc is a building products distribution company focused on supplying contractors and other construction professionals. Its product portfolio includes roofing materials, siding, windows, waterproofing products and related exterior building supplies. The company serves residential and commercial construction and repair markets through branch locations, distribution centers and digital ordering channels.

QXO operates through Beacon, a major distributor of roofing and complementary building products in the United States and Canada.

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