KeyCorp Issues Pessimistic Forecast for QXO (NYSE:QXO) Stock Price

QXO (NYSE:QXO) had its target price reduced by equities researchers at KeyCorp from $28.00 to $19.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp‘s price objective points to a potential upside of 51.12% from the company’s previous close.

Other analysts have also issued research reports about the company. Morgan Stanley started coverage on QXO in a report on Tuesday, August 4th. They set an “overweight” rating and a $35.00 target price on the stock. Zacks Research upgraded QXO from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Wells Fargo & Company lowered their price target on QXO from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of QXO in a research note on Wednesday, August 26th. Finally, Melius Research started 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. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

QXO Stock Down 1.9%

QXO stock traded down $0.24 during midday trading on Friday, hitting $12.57. The company’s stock had a trading volume of 11,933,010 shares, compared to its average volume of 19,371,416. 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 twelve month low of $10.03 and a twelve month high of $27.61. The company’s fifty day moving average price is $11.75 and its 200 day moving average price is $16.76. The stock has a market capitalization of $13.04 billion, a P/E ratio of -13.97, a PEG ratio of 2.86 and a beta of 2.42.

QXO (NYSE:QXO) last posted its quarterly earnings data on Thursday, November 12th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The company 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 period in the prior year, the business posted $0.14 EPS. As a group, equities research analysts predict that QXO will post 0.22 EPS for the current year.

Institutional Trading of QXO

A number of hedge funds have recently modified their holdings of QXO. NFSG Corp raised its stake in QXO by 39.6% during the first quarter. NFSG Corp now owns 2,198 shares of the company’s stock worth $43,000 after acquiring an additional 623 shares in the last quarter. First Bank & Trust boosted its stake in shares of QXO by 7.3% in the 2nd quarter. First Bank & Trust now owns 15,047 shares of the company’s stock valued at $260,000 after purchasing an additional 1,026 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of QXO by 7.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 15,860 shares of the company’s stock valued at $185,000 after purchasing an additional 1,062 shares in the last quarter. Composition Wealth LLC boosted its stake in shares of QXO by 1.8% in the 3rd quarter. Composition Wealth LLC now owns 62,710 shares of the company’s stock valued at $733,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Laidlaw Wealth Management LLC grew its holdings in shares of QXO by 7.6% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 16,150 shares of the company’s stock valued at $279,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 58.68% of the company’s stock.

Top QXO Stories

Here are a few of the latest stories about QXO:

• Positive Sentiment: QXO announced a $500 million share buyback, which could support demand for its shares. QXO announces a share buyback
• Neutral Sentiment: Northcoast Research initiated coverage with a neutral rating, offering no clear bullish or bearish endorsement. Northcoast Research coverage
• Negative Sentiment: DA Davidson cut its price target from $20 to $19, while KeyCorp lowered its target from $28 to $19. Both retained bullish ratings, but the reductions temper the optimism. DA Davidson analyst rating KeyCorp analyst rating

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.