QXO, Inc. (NASDAQ:QXO - Get Free Report) has earned a consensus recommendation of "Buy" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $33.17.
A number of equities research analysts recently weighed in on QXO shares. Royal Bank Of Canada started coverage on shares of QXO in a report on Monday, July 21st. They issued an "outperform" rating and a $33.00 target price on the stock. Robert W. Baird started coverage on shares of QXO in a research note on Thursday, June 12th. They issued an "outperform" rating and a $32.00 price objective for the company. Baird R W raised shares of QXO to a "strong-buy" rating in a research report on Thursday, June 12th. Truist Financial started coverage on shares of QXO in a research report on Tuesday, July 1st. They set a "buy" rating and a $30.00 target price on the stock. Finally, William Blair started coverage on shares of QXO in a research report on Wednesday, June 18th. They set an "outperform" rating on the stock.
View Our Latest Analysis on QXO
QXO Trading Down 1.5%
Shares of QXO traded down $0.33 on Friday, reaching $21.87. The company's stock had a trading volume of 2,155,698 shares, compared to its average volume of 5,695,874. QXO has a twelve month low of $10.61 and a twelve month high of $77.00. The stock has a market capitalization of $12.69 billion, a PE ratio of -2.40, a PEG ratio of 4.09 and a beta of 2.41. The firm has a fifty day moving average of $20.23 and a 200-day moving average of $15.90.
Institutional Investors Weigh In On QXO
Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in QXO in the 2nd quarter valued at $25,000. Larson Financial Group LLC bought a new stake in shares of QXO in the 1st quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new stake in QXO in the first quarter worth $27,000. CWM LLC purchased a new stake in QXO in the first quarter worth $27,000. Finally, First Horizon Advisors Inc. lifted its stake in QXO by 57.4% in the first quarter. First Horizon Advisors Inc. now owns 2,790 shares of the company's stock worth $38,000 after acquiring an additional 1,017 shares during the period. Hedge funds and other institutional investors own 58.68% of the company's stock.
About QXO
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Get Free ReportQXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.
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