XPEL's (XPEL) Hold Rating Reiterated at Craig Hallum

XPEL (NASDAQ:XPEL - Get Free Report)'s stock had its "hold" rating reiterated by equities research analysts at Craig Hallum in a report issued on Friday, Benzinga reports. They currently have a $40.00 price objective on the stock, down from their previous price objective of $60.00. Craig Hallum's target price would indicate a potential upside of 24.73% from the company's previous close.

Separately, B. Riley reaffirmed a "neutral" rating and issued a $37.00 target price (down from $74.00) on shares of XPEL in a report on Friday.

XPEL Price Performance

NASDAQ XPEL traded down $0.79 during trading hours on Friday, reaching $32.07. The company's stock had a trading volume of 1,282,507 shares, compared to its average volume of 176,388. XPEL has a 1 year low of $30.75 and a 1 year high of $87.46. The company has a quick ratio of 1.10, a current ratio of 4.02 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $886.09 million, a price-to-earnings ratio of 16.88 and a beta of 1.84. The firm's 50-day moving average price is $53.19 and its 200-day moving average price is $51.98.

XPEL (NASDAQ:XPEL - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $90.10 million during the quarter, compared to analysts' expectations of $94.08 million. XPEL had a return on equity of 34.38% and a net margin of 13.32%. XPEL's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. On average, equities research analysts predict that XPEL will post 2.2 EPS for the current fiscal year.

Institutional Investors Weigh In On XPEL

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of XPEL in the 3rd quarter valued at about $215,000. Dakota Wealth Management purchased a new stake in shares of XPEL during the 3rd quarter valued at $218,000. WINTON GROUP Ltd acquired a new stake in shares of XPEL in the 3rd quarter worth $222,000. Mendota Financial Group LLC purchased a new position in XPEL during the 1st quarter worth $175,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in XPEL by 28.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,493 shares of the company's stock worth $269,000 after buying an additional 771 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Company Profile

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.

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