QXO (NYSE:QXO) Receives Outperform Rating from Royal Bank Of Canada

Posted by on Jul 11th, 2026

Royal Bank Of Canada reissued their outperform rating on shares of QXO (NYSE:QXO – Free Report) in a research report released on Friday,Benzinga reports. They currently have a $27.00 price target on the stock.

Other equities research analysts also recently issued research reports about the company. KeyCorp reduced their target price on QXO from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, July 1st. BNP Paribas Exane assumed coverage on shares of QXO in a research note on Monday, March 16th. They set an “outperform” rating and a $30.00 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of QXO in a report on Friday, May 29th. Citigroup reduced their price objective on shares of QXO from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Robert W. Baird decreased their price objective on shares of QXO from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, QXO has a consensus rating of “Moderate Buy” and an average target price of $30.79.

Check Out Our Latest Research Report on QXO

QXO Stock Performance

Shares of QXO stock traded up $0.43 during trading hours on Friday, reaching $15.02. 37,792,134 shares of the company’s stock were exchanged, compared to its average volume of 26,290,496. The company has a market cap of $10.89 billion, a P/E ratio of -16.50, a price-to-earnings-growth ratio of 3.74 and a beta of 2.23. The company’s 50 day moving average is $16.91 and its two-hundred day moving average is $20.47. QXO has a 1 year low of $13.82 and a 1 year high of $27.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.33 and a quick ratio of 2.47.

QXO (NYSE:QXO – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). QXO had a negative net margin of 6.02% and a positive return on equity of 1.91%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. The business’s revenue was up 12716.3% compared to the same quarter last year. Equities research analysts anticipate that QXO will post 0.2 EPS for the current fiscal year.

Institutional Trading of QXO

Several large investors have recently bought and sold shares of QXO. Royal Bank of Canada increased its position in shares of QXO by 67.5% in the first quarter. Royal Bank of Canada now owns 119,688 shares of the company’s stock valued at $1,620,000 after buying an additional 48,248 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of QXO in the 1st quarter worth about $615,000. Millennium Management LLC grew its stake in QXO by 6.6% in the 1st quarter. Millennium Management LLC now owns 322,115 shares of the company’s stock valued at $4,361,000 after acquiring an additional 20,067 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in QXO by 13.3% in the 1st 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 acquiring an additional 81,758 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in QXO during the 2nd quarter valued at about $837,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Company Profile

(Get Free Report)

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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