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

Key Points

• Shares carry an average analyst rating of “Moderate Buy” from 18 brokerages (1 sell, 1 hold, 15 buy, 1 strong buy) with a mean 1‑year target of about $32.27.
• Institutional ownership is high at 58.68%, with several firms increasing or initiating positions in Q4 (Rockefeller Capital Management boosted its stake by 38.3%, and new stakes were reported from Osbon, World Investment Advisors, Vericrest, and Redwood).
• QXO recently missed quarterly EPS ($0.02 vs. $0.03 expected) despite a large revenue increase year‑over‑year, analysts expect -$0.13 EPS for the current year, and the stock trades around $19.33 with a negative P/E (~-32.75) and a market cap near $13.7B.

Shares of QXO, Inc. (NYSE:QXO - Get Free Report) have received an average rating of "Moderate Buy" from the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $32.2667.

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada set a $30.00 price target on QXO in a research note on Friday, January 9th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of QXO in a research note on Monday, December 29th. Citigroup dropped their price objective on QXO from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, January 8th. Loop Capital assumed coverage on QXO in a research note on Thursday, December 11th. They issued a "buy" rating and a $31.00 target price on the stock. Finally, William Blair restated an "outperform" rating on shares of QXO in a report on Wednesday, December 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in QXO by 38.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 120,928 shares of the company's stock valued at $2,333,000 after purchasing an additional 33,469 shares during the period. Osbon Capital Management LLC acquired a new stake in QXO in the fourth quarter worth $201,000. World Investment Advisors acquired a new stake in QXO in the fourth quarter worth $631,000. Vericrest Private Wealth bought a new position in shares of QXO during the fourth quarter worth $447,000. Finally, Redwood Family Wealth LLC acquired a new position in shares of QXO in the 4th quarter valued at $293,000. Institutional investors own 58.68% of the company's stock.

QXO Trading Down 0.5%

QXO opened at $19.33 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.58 and a quick ratio of 2.61. The company has a market cap of $13.72 billion, a price-to-earnings ratio of -32.75, a price-to-earnings-growth ratio of 3.10 and a beta of 2.50. The firm has a 50 day simple moving average of $22.62 and a 200 day simple moving average of $20.92. QXO has a fifty-two week low of $11.97 and a fifty-two week high of $27.61.

QXO (NYSE:QXO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.02 earnings per share (EPS) 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 business's revenue was up 14725.0% on a year-over-year basis. On average, sell-side analysts anticipate that QXO will post -0.13 earnings per share for the current year.

QXO Company Profile

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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