QXO (NYSE:QXO) Stock Gets Downgrade from Wall Street Zen

QXO (NYSE:QXO) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley initiated coverage on shares of QXO in a research report on Tuesday, August 4th. They set an “overweight” rating and a $35.00 target price for the company. DA Davidson cut their target price on shares of QXO from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company reduced their price target on shares of QXO from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Northcoast Research began coverage on shares of QXO in a research note on Thursday. They issued a “neutral” rating on the stock. Finally, Melius Research started coverage on shares of QXO in a report on Tuesday, October 6th. They set a “buy” rating and a $17.00 price objective for the company. Fifteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.00.

QXO Trading Down 1.9%

QXO stock opened at $12.57 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.11 and a quick ratio of 3.29. QXO has a 1-year low of $10.03 and a 1-year high of $27.61. The business has a 50 day simple moving average of $11.75 and a two-hundred day simple moving average of $16.76. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of -13.97, a PEG ratio of 2.86 and a beta of 2.42.

QXO (NYSE:QXO) last released its quarterly earnings data on Thursday, November 12th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.86 billion. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. During the same quarter last year, the business posted $0.14 earnings per share. Research analysts anticipate that QXO will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of QXO. Finepoint Capital LP increased its stake in QXO by 30.7% during the second quarter. Finepoint Capital LP now owns 18,113,850 shares of the company’s stock worth $313,007,000 after acquiring an additional 4,255,435 shares during the last quarter. Spyglass Capital Management LLC bought a new stake in shares of QXO in the 2nd quarter valued at approximately $62,961,000. Bank of New York Mellon Corp bought a new stake in shares of QXO in the 2nd quarter valued at approximately $44,919,000. Vontobel Holding Ltd. bought a new stake in shares of QXO in the 3rd quarter valued at approximately $25,720,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of QXO by 76,215.6% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,346,208 shares of the company’s stock valued at $15,737,000 after purchasing an additional 1,344,444 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors.

Key QXO News

Here’s some of the latest news about QXO:

• 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: QXO appointed Dev Ahuja CFO and promoted Ihsan Essaid to vice chairman, with the changes effective January 2027. The transition adds an experienced finance executive but does not immediately change operations. QXO leadership changes
• Neutral Sentiment: Northcoast Research initiated coverage with a neutral rating, offering no clear bullish or bearish endorsement. Northcoast Research coverage

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.