QXO (NYSE:QXO) Stock Dropped to Strong Sell by Wall Street Zen

Wall Street Zen lowered shares of QXO (NYSE:QXO) from a sell rating to a strong sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Other analysts have also issued research reports about the stock. Truist Financial lowered their target price on shares of QXO from $26.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Weiss Ratings reissued a “sell (d)” rating on shares of QXO in a research note on Wednesday, August 26th. KeyCorp cut their price target on QXO from $28.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday. Zacks Research upgraded QXO from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, DA Davidson decreased their price objective on QXO from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

QXO Trading Down 1.9%

Shares of NYSE:QXO traded down $0.24 during trading on Friday, hitting $12.57. 11,933,010 shares of the company’s stock were exchanged, compared to its average volume of 19,371,416. QXO has a 1-year low of $10.03 and a 1-year high of $27.61. The firm has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $16.76. The company has a current ratio of 4.11, a quick ratio of 3.29 and a debt-to-equity ratio of 0.66. The firm has a market cap of $13.04 billion, a P/E ratio of -13.97, a PEG ratio of 2.86 and a beta of 2.42.

QXO (NYSE:QXO) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. Equities analysts predict that QXO will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP increased its stake in QXO by 353.5% in the third quarter. Marshall Wace LLP now owns 767,073 shares of the company’s stock valued at $8,967,000 after purchasing an additional 597,929 shares in the last quarter. Empowered Funds LLC raised its holdings in QXO by 1,329.6% in the third quarter. Empowered Funds LLC now owns 1,122,720 shares of the company’s stock worth $13,125,000 after purchasing an additional 1,044,186 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in QXO in the third quarter worth $5,751,000. Kovack Advisors Inc. raised its holdings in QXO by 22.8% in the third quarter. Kovack Advisors Inc. now owns 21,127 shares of the company’s stock worth $255,000 after purchasing an additional 3,927 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of QXO by 89.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 879,524 shares of the company’s stock worth $10,282,000 after purchasing an additional 415,527 shares in the last quarter. Institutional investors own 58.68% of the company’s stock.

Key QXO News

These are some of the QXO news items that stood out recently:

• Positive Sentiment: QXO announced a $500 million share buyback, which could support demand for its shares. QXO announces a share buyback
• Negative Sentiment: Despite revenue growth, a separate financial breakdown showed a $123 million net loss and just $1 million in operating cash flow, highlighting that growth has yet to translate into strong profitability or cash generation. QXO third-quarter financial breakdown
• Negative Sentiment: DA Davidson cut its price target from $20 to $19, while KeyCorp lowered its target from $28 to $19. Both retained bullish ratings, but the reductions temper the optimism. DA Davidson analyst rating KeyCorp analyst rating

QXO Company Profile

QXO, Inc. is a distributor of building products serving contractors and other customers in the construction industry. Its offerings include roofing materials, waterproofing products and complementary building supplies for residential and commercial projects. QXO expanded its business through its acquisition of Beacon Roofing Supply in 2025, bringing Beacon’s distribution network and product expertise into the company. Beacon serves customers across the United States and Canada. QXO is led by Chairman and Chief Executive Officer Brad Jacobs, an entrepreneur whose previous leadership roles include executive positions at XPO and United Rentals.