QXO’s (QXO) “Sell (D)” Rating Reaffirmed at Weiss Ratings

QXO (NYSE:QXOGet Free Report)‘s stock had its “sell (d)” rating restated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently weighed in on QXO. Zacks Research downgraded QXO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Royal Bank Of Canada initiated coverage on QXO in a research note on Monday, July 21st. They issued an “outperform” rating and a $33.00 price target on the stock. Truist Financial initiated coverage on QXO in a research note on Tuesday, July 1st. They issued a “buy” rating and a $30.00 price target on the stock. Baird R W raised QXO to a “strong-buy” rating in a research note on Thursday, June 12th. Finally, William Blair initiated coverage on QXO in a research note on Wednesday, June 18th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, QXO presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.25.

Read Our Latest Research Report on QXO

QXO Stock Performance

QXO stock opened at $19.88 on Wednesday. The business’s fifty day moving average is $20.21 and its 200-day moving average is $18.38. The company has a quick ratio of 2.15, a current ratio of 3.00 and a debt-to-equity ratio of 0.38. The company has a market cap of $13.39 billion, a P/E ratio of -94.66, a price-to-earnings-growth ratio of 2.61 and a beta of 2.25. QXO has a twelve month low of $11.85 and a twelve month high of $24.69.

Institutional Trading of QXO

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fiduciary Alliance LLC raised its stake in shares of QXO by 155.5% in the 3rd quarter. Fiduciary Alliance LLC now owns 105,820 shares of the company’s stock valued at $2,017,000 after purchasing an additional 64,400 shares during the period. Salem Investment Counselors Inc. acquired a new stake in shares of QXO in the 3rd quarter valued at about $1,530,000. Sanders Morris Harris LLC acquired a new stake in shares of QXO in the 3rd quarter valued at about $314,000. Venture Visionary Partners LLC acquired a new stake in shares of QXO in the 3rd quarter valued at about $2,521,000. Finally, GAMMA Investing LLC acquired a new stake in shares of QXO in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Company Profile

(Get Free Report)

QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.

Featured Articles

Analyst Recommendations for QXO (NYSE:QXO)

Receive News & Ratings for QXO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QXO and related companies with MarketBeat.com's FREE daily email newsletter.