QXO (NYSE:QXO) Price Target Cut to $19.00 by Analysts at DA Davidson

QXO (NYSE:QXO) had its price target cut by DA Davidson from $20.00 to $19.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson‘s price objective suggests a potential upside of 50.38% from the stock’s current price.

QXO has been the subject of a number of other reports. Royal Bank Of Canada dropped their price target on shares of QXO from $27.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Morgan Stanley started coverage on QXO in a research report on Tuesday, August 4th. They set an “overweight” rating and a $35.00 price target on the stock. Zacks Research upgraded QXO from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Melius Research assumed coverage on QXO in a research note on Tuesday, October 6th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of QXO in a report on Wednesday, August 26th. Fifteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.00.

QXO Stock Performance

QXO stock traded down $0.17 during midday trading on Friday, hitting $12.63. The company’s stock had a trading volume of 6,989,036 shares, compared to its average volume of 16,524,010. QXO has a 1-year low of $10.03 and a 1-year high of $27.61. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.11 and a quick ratio of 3.29. The company has a 50-day moving average price of $11.77 and a two-hundred day moving average price of $16.82. The company has a market cap of $13.11 billion, a price-to-earnings ratio of -14.02, a PEG ratio of 3.08 and a beta of 2.42.

QXO (NYSE:QXO) last posted 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. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, sell-side analysts predict that QXO will post 0.22 earnings per share for the current year.

Institutional Trading of QXO

Several institutional investors have recently modified their holdings of QXO. NFSG Corp increased its holdings in 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 purchasing an additional 623 shares during the period. First Bank & Trust raised its position in QXO by 7.3% during the 2nd quarter. First Bank & Trust now owns 15,047 shares of the company’s stock worth $260,000 after purchasing an additional 1,026 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in QXO by 7.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 15,860 shares of the company’s stock worth $185,000 after buying an additional 1,062 shares during the period. Composition Wealth LLC lifted its holdings in QXO by 1.8% during the 3rd quarter. Composition Wealth LLC now owns 62,710 shares of the company’s stock worth $733,000 after buying an additional 1,118 shares during the period. Finally, Laidlaw Wealth Management LLC lifted its holdings in QXO by 7.6% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 16,150 shares of the company’s stock worth $279,000 after buying an additional 1,145 shares during the period. Institutional investors own 58.68% of the company’s stock.

More QXO News

Investors following QXO have been watching these news items:

• Positive Sentiment: QXO announced a $500 million share buyback, which could support demand for its shares and signal management confidence. QXO announces a $500 million share buyback
• Neutral Sentiment: QXO named Dev Ahuja CFO and promoted current CFO Ihsan Essaid to vice chairman, with the changes taking effect in January 2027. The transition may bring new financial leadership, but the announcement provided no immediate operating update. QXO leadership appointments
• Negative Sentiment: Despite the sales growth, QXO reported a $123 million net loss, only $1 million in operating cash flow and higher liabilities. These figures underscore continued profitability and cash-generation risks. QXO Q3 2026 earnings: revenue surges but losses persist

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.