Exclusive | Building-Products Distributor QXO Makes Bid for Beacon Roofing
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Acquisition Offer: QXO, a new entrant in building-products distribution, has proposed to acquire Beacon Roofing Supply.
Market Value: Beacon Roofing Supply is valued at approximately $6.2 billion, with its stock price increasing by about 14% this year.
Analyst Views on XPO
Wall Street analysts forecast XPO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XPO is 155.22 USD with a low forecast of 90.00 USD and a high forecast of 171.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
15 Buy
3 Hold
1 Sell
Moderate Buy
Current: 149.600
Low
90.00
Averages
155.22
High
171.00
Current: 149.600
Low
90.00
Averages
155.22
High
171.00
About XPO
XPO, Inc. is a provider of freight transportation services. The Company moves goods through its customers supply chains in North America and Europe. It operates through two segments: North American Less-Than-Truckload (LTL), and European Transportation. The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the United States (U.S.), as well as Mexico, Canada, and the Caribbean. It also includes trailer manufacturing operations. The European Transportation segment offers a range of services, such as truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, including road-rail and road-short sea combinations. It serves a base of customers in consumer, trade, and industrial markets. The Company offers XPO Smart, its proprietary suite of intelligent tools and analytics that self-adjusts site by site to drive productivity across LTL service center operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
