QXO (NYSE:QXO) Hits New 12-Month Low Following Analyst Downgrade

QXO, Inc. (NYSE:QXO) shares hit a new 52-week low during trading on Thursday after Truist Financial lowered their price target on the stock from $26.00 to $15.00. Truist Financial currently has a buy rating on the stock. QXO traded as low as $10.77 and last traded at $11.3250, with a volume of 46459377 shares. The stock had previously closed at $12.11.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley started coverage on shares of QXO in a report on Tuesday, August 4th. They issued an “overweight” rating and a $35.00 price objective for the company. Benchmark restated a “buy” rating on shares of QXO in a report on Friday, August 14th. DA Davidson assumed coverage on QXO in a research report on Monday, August 24th. They issued a “buy” rating and a $26.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of QXO in a research note on Wednesday, August 26th. Finally, Citigroup lowered their price objective on QXO from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.79.

Key Headlines Impacting QXO

Here are the key news stories impacting QXO this week:

• Positive Sentiment: Royal Bank of Canada maintained an Outperform rating despite lowering its price target to $18 from $27, implying substantial upside from recent levels. RBC Adjusts Price Target on QXO to $18 From $27, Maintains Outperform Rating
• Positive Sentiment: Institutional ownership data showed more investors adding than reducing QXO positions in the latest quarter, including sizable additions by Baillie Gifford, BlackRock, UBS, Morgan Stanley, and other investment firms. This may signal continued long-term institutional interest, although it has not offset near-term selling pressure.
• Neutral Sentiment: Truist reduced its price target to $15 from $26 but retained a Buy rating, indicating that the firm remains constructive on QXO’s longer-term prospects while lowering its near-term valuation expectations. Truist Cuts Price Target on QXO to $15 From $26, Keeps Buy Rating
• Negative Sentiment: QXO hit fresh 52-week lows as soft residential roofing demand pressured expectations for sales, margins, and near-term operating performance. QXO Hits Fresh 52-Week Lows on Soft Residential Roofing Demand
• Negative Sentiment: RBC’s target reduction to $18 contributed to a sharp selloff, reflecting concerns about weaker building-products demand in 2027 and the sector’s exposure to housing and construction cycles. Stock Market Today: QXO Falls on RBC Price-Target Cut
• Negative Sentiment: Investors remain concerned about integrating QXO’s large acquisitions, including TopBuild, and about the company’s ability to generate expected synergies while managing its expanded balance sheet. These execution risks are weighing on confidence in QXO’s acquisition-driven growth strategy. QXO Falls as Sector Caution and Integration Concerns Weigh on Shares

Hedge Funds Weigh In On QXO

Large investors have recently bought and sold shares of the stock. 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 valued at $313,007,000 after purchasing an additional 4,255,435 shares during the period. Fred Alger Management LLC increased its holdings in shares of QXO by 75.4% during the 4th quarter. Fred Alger Management LLC now owns 15,923,937 shares of the company’s stock worth $307,173,000 after purchasing an additional 6,844,574 shares during the period. Consulta Ltd increased its holdings in shares of QXO by 33.3% during the 4th quarter. Consulta Ltd now owns 10,000,000 shares of the company’s stock worth $192,900,000 after purchasing an additional 2,500,000 shares during the period. Spyglass Capital Management LLC acquired a new position in shares of QXO during the second quarter valued at about $62,961,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of QXO during the second quarter valued at about $44,919,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

QXO Trading Down 1.5%

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’s 50 day moving average is $13.18 and its two-hundred day moving average is $16.10. The firm has a market cap of $11.55 billion, a P/E ratio of -12.37, a PEG ratio of 2.06 and a beta of 2.30.

QXO (NYSE:QXO) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. QXO had a positive return on equity of 2.41% and a negative net margin of 5.17%.The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.18 billion. On average, sell-side analysts predict that QXO, Inc. will post 0.28 earnings per share for the current year.

QXO Company Profile

QXO, Inc is a building products distribution company focused on supplying contractors and other construction professionals. Its product portfolio includes roofing materials, siding, windows, waterproofing products and related exterior building supplies. The company serves residential and commercial construction and repair markets through branch locations, distribution centers and digital ordering channels.

QXO operates through Beacon, a major distributor of roofing and complementary building products in the United States and Canada.