QXO (NYSE:QXO) Coverage Initiated at KeyCorp

KeyCorp assumed coverage on shares of QXO (NYSE:QXO) in a report published on Tuesday, MarketBeat reports. The brokerage issued an overweight rating and a $28.00 price target on the stock. KeyCorp also issued estimates for QXO’s Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.33 EPS, FY2026 earnings at $0.41 EPS and FY2027 earnings at $0.67 EPS.

A number of other brokerages have also commented on QXO. William Blair initiated coverage on QXO in a report on Wednesday, June 18th. They set an “outperform” rating for the company. Truist Financial began 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. Oppenheimer initiated coverage on shares of QXO in a report on Wednesday, June 11th. They issued an “outperform” rating and a $27.00 price target for the company. Wells Fargo & Company started coverage on shares of QXO in a research report on Tuesday, August 5th. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, Zacks Research downgraded shares of QXO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $33.25.

QXO Price Performance

NYSE QXO opened at $19.91 on Tuesday. The stock has a 50-day simple moving average of $20.33 and a 200 day simple moving average of $18.19. QXO has a twelve month low of $11.85 and a twelve month high of $24.69. The stock has a market capitalization of $13.41 billion, a PE ratio of -94.82, a P/E/G ratio of 2.50 and a beta of 2.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.15 and a current ratio of 3.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QXO. Parallel Advisors LLC boosted its holdings in QXO by 62.2% during the first quarter. Parallel Advisors LLC now owns 11,570 shares of the company’s stock valued at $157,000 after purchasing an additional 4,439 shares in the last quarter. Gainplan LLC lifted its position in shares of QXO by 101.9% during the 1st quarter. Gainplan LLC now owns 386,241 shares of the company’s stock worth $5,230,000 after buying an additional 194,961 shares during the period. Tilia Fiduciary Partners Inc. lifted its position in shares of QXO by 16.1% during the 1st quarter. Tilia Fiduciary Partners Inc. now owns 18,790 shares of the company’s stock worth $254,000 after buying an additional 2,609 shares during the period. SG Americas Securities LLC boosted its stake in QXO by 478.3% in the 1st quarter. SG Americas Securities LLC now owns 55,193 shares of the company’s stock valued at $747,000 after buying an additional 45,649 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its position in QXO by 47.4% in the first quarter. Simon Quick Advisors LLC now owns 23,345 shares of the company’s stock valued at $316,000 after acquiring an additional 7,511 shares during the period. Institutional investors own 58.68% of the company’s stock.

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.