QXO (NYSE:QXO) Research Coverage Started at Northcoast Research

Northcoast Research initiated coverage on shares of QXO (NYSE:QXO) in a research report released on Thursday morning, MarketBeat.com reports. The firm issued a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on QXO. Melius Research started coverage on QXO in a research note on Tuesday, October 6th. They issued a “buy” rating and a $17.00 price objective for the company. Wall Street Zen raised QXO from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 25th. Benchmark reissued a “buy” rating on shares of QXO in a research note on Friday, August 14th. Wells Fargo & Company lowered their target price on QXO from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Finally, DA Davidson set a $20.00 target price on QXO in a report on Friday, October 9th. Fifteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

QXO Trading Down 1.9%

Shares of NYSE:QXO traded down $0.24 during mid-day trading on Thursday, reaching $12.57. 11,933,010 shares of the company were exchanged, 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. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of -13.97, a P/E/G ratio of 2.86 and a beta of 2.42. The firm’s 50-day simple moving average is $11.75 and its 200 day simple moving average is $16.76. QXO has a 1 year low of $10.03 and a 1 year high of $27.61.

QXO (NYSE:QXO) last posted its earnings results on Thursday, November 12th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate 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 last year, the firm earned $0.14 EPS. Equities research analysts forecast that QXO will post 0.22 EPS for the current year.

Institutional Trading of QXO

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

Recent QXO Headlines

Investors following QXO have been watching these headlines:

• 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.