Zacks Investment Research cut shares of XPEL (NASDAQ:XPEL) from a hold rating to a sell rating in a report published on Saturday morning, Zacks.com reports. Zacks Investment Research currently has $34.00 price objective on the stock.
According to Zacks, “XPEL Inc. is a provider of protective films and coatings which includes automotive paint protection film, surface protection film, automotive and architectural window films and ceramic coatings. XPEL Inc. is based in San Antonio, United States. “
Several other equities research analysts have also recently weighed in on XPEL. B. Riley increased their price objective on XPEL from $33.00 to $37.00 in a report on Thursday, November 12th. BidaskClub upgraded XPEL from a hold rating to a buy rating in a report on Friday, October 2nd.
Shares of XPEL stock opened at $37.25 on Friday. The business has a fifty day simple moving average of $27.99 and a two-hundred day simple moving average of $20.86. XPEL has a 1 year low of $7.50 and a 1 year high of $38.49. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 70.28 and a beta of 2.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.61 and a quick ratio of 1.84.
XPEL (NASDAQ:XPEL) last announced its quarterly earnings results on Saturday, November 14th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. XPEL had a return on equity of 44.17% and a net margin of 10.55%. As a group, equities analysts anticipate that XPEL will post 0.52 earnings per share for the current fiscal year.
In other news, Director Mark Adams sold 13,100 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $28.81, for a total value of $377,411.00. Following the completion of the transaction, the director now owns 2,979,897 shares in the company, valued at approximately $85,850,832.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Constantine sold 8,019 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $27.27, for a total value of $218,678.13. Following the completion of the transaction, the director now owns 1,604,178 shares of the company’s stock, valued at approximately $43,745,934.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,791 shares of company stock valued at $6,806,410. 40.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. bought a new position in XPEL during the first quarter worth $92,000. SG Americas Securities LLC purchased a new stake in XPEL in the 2nd quarter worth approximately $141,000. Strs Ohio purchased a new stake in XPEL in the 2nd quarter worth approximately $67,000. Avestar Capital LLC purchased a new stake in XPEL in the 2nd quarter worth approximately $471,000. Finally, UBS Group AG lifted its holdings in XPEL by 237.5% in the 2nd quarter. UBS Group AG now owns 7,230 shares of the company’s stock worth $113,000 after buying an additional 5,088 shares during the period. 19.32% of the stock is owned by institutional investors.
XPEL, Inc manufactures, sells, distributes, and installs after-market automotive products in the United States, China, Canada, Continental Europe, the United Kingdom, Asia Pacific, Latin America, the Middle East/Africa, and internationally. The company offers automotive surface and paint protection, headlight protection, and automotive and architectural window films, as well as proprietary software.
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