QXO (NYSE:QXO) Stock Moved Down to “Strong Sell” by 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 note issued on Saturday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on the company. KeyCorp lowered their target price on QXO from $28.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday. Melius Research assumed coverage on QXO in a research report on Tuesday, October 6th. They issued a “buy” rating and a $17.00 price target for the company. Royal Bank Of Canada decreased their price objective on QXO from $27.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Benchmark reaffirmed a “buy” rating on shares of QXO in a research note on Friday, August 14th. Finally, Truist Financial lowered their price objective on QXO from $26.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Fifteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

QXO Stock Down 1.9%

QXO opened at $12.57 on Friday. The firm’s 50 day simple moving average is $11.75 and its two-hundred day simple moving average is $16.76. The company has a market capitalization of $13.04 billion, a PE ratio of -13.97, a PEG 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 quarterly earnings data on Thursday, November 12th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.14 EPS. As a group, equities analysts forecast that QXO will post 0.22 EPS for the current year.

Institutional Trading of QXO

Several institutional investors and hedge funds have recently modified their holdings of the company. Finepoint Capital LP boosted its holdings in QXO by 30.7% in the 2nd quarter. Finepoint Capital LP now owns 18,113,850 shares of the company’s stock worth $313,007,000 after buying an additional 4,255,435 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in QXO by 25.9% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 5,703,964 shares of the company’s stock valued at $66,679,000 after acquiring an additional 1,173,274 shares during the period. Spyglass Capital Management LLC bought a new stake in QXO during the second quarter valued at about $62,961,000. Paralel Advisors LLC raised its holdings in QXO by 26.8% during the third quarter. Paralel Advisors LLC now owns 2,600,000 shares of the company’s stock valued at $30,394,000 after acquiring an additional 550,000 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in QXO during the second quarter valued at about $44,919,000. 58.68% of the stock is currently owned by institutional investors.

Key QXO News

These are some of the QXO news items that stood out recently:

• 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
• 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.