QXO (NYSE:QXO) Now Covered by Northcoast Research

Analysts at Northcoast Research assumed coverage on shares of QXO (NYSE:QXO) in a report released on Thursday, Briefing.com reports. The firm set a “neutral” rating on the stock.

A number of other brokerages also recently weighed in on QXO. Weiss Ratings reiterated a “sell (d)” rating on shares of QXO in a report on Wednesday, August 26th. Wall Street Zen raised QXO from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 25th. DA Davidson set a $20.00 target price on QXO in a research report on Friday, October 9th. Morgan Stanley started coverage on QXO in a research note on Tuesday, August 4th. They set an “overweight” rating and a $35.00 target price for the company. Finally, Truist Financial decreased their target price on QXO from $26.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.77.

QXO Trading Down 3.1%

Shares of NYSE QXO traded down $0.43 during midday trading on Thursday, reaching $13.38. The stock had a trading volume of 3,476,813 shares, compared to its average volume of 16,476,855. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of -14.89, a price-to-earnings-growth ratio of 3.06 and a beta of 2.42. QXO has a twelve month low of $10.03 and a twelve month high of $27.61. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.29 and a current ratio of 4.11. The company’s 50 day moving average price is $11.78 and its 200 day moving average price is $16.87.

QXO (NYSE:QXO) last released its earnings results on Thursday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.18 billion. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. As a group, sell-side analysts expect that QXO will post 0.22 EPS for the current year.

Hedge Funds Weigh In On QXO

A number of institutional investors have recently modified their holdings of QXO. Resona Asset Management Co. Ltd. bought a new position in shares of QXO in the 3rd quarter worth $26,000. NFSG Corp lifted its stake in shares of QXO by 39.6% in the first quarter. NFSG Corp now owns 2,198 shares of the company’s stock valued at $43,000 after buying an additional 623 shares in the last quarter. Center for Financial Planning Inc. bought a new position in shares of QXO in the third quarter valued at $26,000. Signaturefd LLC grew its holdings in shares of QXO by 166.6% during the third quarter. Signaturefd LLC now owns 2,973 shares of the company’s stock valued at $35,000 after buying an additional 1,858 shares during the last quarter. Finally, MADDEN SECURITIES Corp acquired a new position in shares of QXO during the third quarter valued at about $36,000. 58.68% of the stock is owned by institutional investors and hedge funds.

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.