QXO (NYSE:QXO) Shares Gap Up – Time to Buy?

QXO, Inc. (NYSE:QXO) gapped up before the market opened on Monday. The stock had previously closed at $11.56, but opened at $12.65. QXO shares last traded at $13.1140, with a volume of 4,930,327 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of QXO in a report on Wednesday, August 26th. Citigroup decreased their price objective on shares of QXO from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Wells Fargo & Company dropped their target price on QXO from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Truist Financial cut their target price on QXO from $26.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, DA Davidson set a $20.00 price target on QXO in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, QXO currently has a consensus rating of “Moderate Buy” and an average price target of $24.77.

QXO Stock Performance

The company has a market cap of $13.99 billion, a P/E ratio of -14.96, a PEG ratio of 2.58 and a beta of 2.42. The firm has a 50 day moving average of $11.74 and a 200-day moving average of $17.02. The company has a quick ratio of 3.29, a current ratio of 4.11 and a debt-to-equity ratio of 0.66.

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

Institutional Trading of QXO

Several institutional investors and hedge funds have recently made changes to their positions in the company. Carnegie Investment Counsel grew its holdings in QXO by 38.6% during the 1st quarter. Carnegie Investment Counsel now owns 309,644 shares of the company’s stock worth $6,013,000 after acquiring an additional 86,265 shares in the last quarter. CI Investments Inc. increased its position in QXO by 4.1% during the 1st quarter. CI Investments Inc. now owns 2,598,840 shares of the company’s stock valued at $50,469,000 after purchasing an additional 102,838 shares during the period. Gainplan LLC increased its position in QXO by 390.2% during the 3rd quarter. Gainplan LLC now owns 502,025 shares of the company’s stock valued at $5,869,000 after purchasing an additional 399,605 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in QXO by 25.9% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 5,703,964 shares of the company’s stock valued at $66,679,000 after purchasing an additional 1,173,274 shares during the period. Finally, Hudson Value Partners LLC raised its holdings in shares of QXO by 87.6% in the 2nd quarter. Hudson Value Partners LLC now owns 215,998 shares of the company’s stock valued at $3,732,000 after purchasing an additional 100,856 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors.

About QXO

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.