QXO, Inc. (NYSE:QXO) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Eighteen analysts rate QXO a "Moderate Buy" (15 buy, 1 strong buy, 1 hold, 1 sell) with an average 12‑month price target of $32.40.
• Institutional interest: Several large managers have added or initiated stakes (RBC +67.5%, UBS, Millennium, AQR, American Century), and institutions/hedge funds now own about 58.68% of the stock.
• Recent results & valuation: QXO missed quarterly EPS ($0.02 vs. $0.03 consensus), had a negative net margin (4.08%), a market cap of ~$14.9B and a negative P/E (~-35.6), with the stock trading near $20.98 (1‑year range $12.50–$27.61).

QXO, Inc. (NYSE:QXO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eighteen brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $32.40.

QXO has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of QXO from a "hold" rating to a "sell" rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a "sell (d+)" rating on shares of QXO in a research note on Monday, December 29th. BNP Paribas Exane initiated coverage on shares of QXO in a research note on Monday, March 16th. They set an "outperform" rating and a $30.00 price objective on the stock. William Blair reiterated an "outperform" rating on shares of QXO in a research note on Wednesday, December 31st. Finally, Benchmark reiterated a "buy" rating on shares of QXO in a research note on Friday, February 20th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in QXO. Royal Bank of Canada raised its position in QXO by 67.5% during the first quarter. Royal Bank of Canada now owns 119,688 shares of the company's stock valued at $1,620,000 after purchasing an additional 48,248 shares in the last quarter. AQR Capital Management LLC acquired a new position in QXO during the first quarter valued at approximately $615,000. Millennium Management LLC raised its position in QXO by 6.6% during the first quarter. Millennium Management LLC now owns 322,115 shares of the company's stock valued at $4,361,000 after purchasing an additional 20,067 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in QXO by 13.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 697,889 shares of the company's stock valued at $9,449,000 after purchasing an additional 81,758 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in QXO during the second quarter valued at approximately $837,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

QXO Stock Up 0.0%

NYSE QXO opened at $20.98 on Monday. The company has a current ratio of 3.58, a quick ratio of 2.61 and a debt-to-equity ratio of 0.37. QXO has a 1-year low of $12.50 and a 1-year high of $27.61. The company has a 50 day moving average of $21.93 and a 200-day moving average of $21.14. The company has a market cap of $14.89 billion, a price-to-earnings ratio of -35.55, a PEG ratio of 3.28 and a beta of 2.50.

QXO (NYSE:QXO - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). QXO had a negative net margin of 4.08% and a positive return on equity of 3.45%. The company's quarterly revenue was up 14725.0% compared to the same quarter last year. On average, equities research analysts expect that QXO will post 0.32 earnings per share for the current fiscal year.

About QXO

QXO, 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. It also offers value-added services that focuses on consulting and professional, specialized programming, training, and technical support services. In addition, the company provides information technology managed services, such as cybersecurity, application hosting, disaster recovery, business continuity, cloud, and other services; and data back-up, network maintenance, and upgrade services.

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