QXO (NYSE:QXO) Stock Price Target Cut by DA Davidson

QXO (NYSE:QXO) had its price target decreased by investment analysts at DA Davidson from $20.00 to $19.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson‘s price objective indicates a potential upside of 51.12% from the stock’s previous close.

Several other research firms have also commented on QXO. Weiss Ratings reissued a “sell (d)” rating on shares of QXO in a research report on Wednesday, August 26th. Morgan Stanley initiated coverage on shares of QXO in a research report on Tuesday, August 4th. They issued an “overweight” rating and a $35.00 price objective for the company. Zacks Research raised shares of QXO from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Truist Financial dropped their price objective on shares of QXO from $26.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Wall Street Zen raised shares of QXO from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 25th. Fifteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

QXO Stock Down 1.9%

Shares of QXO traded down $0.24 during midday trading on Friday, reaching $12.57. 11,933,010 shares of the company were exchanged, compared to its average volume of 19,371,416. The stock has a 50-day moving average price of $11.75 and a 200-day moving average price of $16.76. The company has a market cap of $13.04 billion, a price-to-earnings ratio of -13.97, a P/E/G ratio of 2.86 and a beta of 2.42. QXO has a 1-year low of $10.03 and a 1-year high of $27.61. 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) last issued its earnings results on Thursday, November 12th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. QXO had a positive return on equity of 2.41% and a negative net margin of 5.17%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. Research analysts expect that QXO will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Flputnam Investment Management Co. acquired a new stake in QXO during the 3rd quarter valued at approximately $275,000. Pathstone Holdings LLC raised its position in shares of QXO by 104.9% in the 3rd quarter. Pathstone Holdings LLC now owns 612,621 shares of the company’s stock valued at $7,162,000 after purchasing an additional 313,677 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of QXO by 353.5% during the 3rd quarter. Marshall Wace LLP now owns 767,073 shares of the company’s stock valued at $8,967,000 after buying an additional 597,929 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of QXO by 1,329.6% during the 3rd quarter. Empowered Funds LLC now owns 1,122,720 shares of the company’s stock valued at $13,125,000 after buying an additional 1,044,186 shares during the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of QXO during the 3rd quarter valued at approximately $5,751,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

More QXO News

Investors following QXO have been watching these news items:

• Positive Sentiment: Third-quarter revenue climbed about 79% year over year to $4.9 billion, exceeding analyst expectations; earnings coverage reported EPS of $0.13, in line with consensus. QXO reports third-quarter results
• Neutral Sentiment: Northcoast Research initiated coverage with a neutral rating, offering no clear bullish or bearish endorsement. Northcoast Research coverage
• 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

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.