XPEL (NASDAQ:XPEL) Stock Jumps 4.9% - Still a Buy?

Key Points

• XPEL shares rose 4.9% to $39.86 in Tuesday mid-day trading, while volume was 40% below its average.
• Analyst views are mixed, but MarketBeat reports an overall “Moderate Buy” rating and a consensus price target of $65.
• Quarterly EPS of $0.62 topped estimates of $0.60, while revenue of $137.81 million fell short of forecasts; revenue increased 9.9% year over year.

XPEL, Inc. (NASDAQ:XPEL - Get Free Report)'s share price was up 4.9% during mid-day trading on Tuesday. The stock traded as high as $40.09 and last traded at $39.8550. 146,732 shares changed hands during trading, a decline of 40% from the average daily volume of 243,793 shares. The stock had previously closed at $38.01.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on XPEL shares. Weiss Ratings raised shares of XPEL from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Zacks Research downgraded shares of XPEL from a "hold" rating to a "strong sell" rating in a report on Friday. B. Riley Financial lifted their price objective on shares of XPEL from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Freedom Capital upgraded shares of XPEL from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

XPEL Stock Performance

The firm has a market cap of $1.10 billion, a PE ratio of 19.12 and a beta of 1.20. The company has a 50 day simple moving average of $44.96 and a 200-day simple moving average of $45.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.14.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The firm had revenue of $137.81 million during the quarter, compared to analyst estimates of $138.75 million. XPEL had a net margin of 11.17% and a return on equity of 19.39%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. As a group, equities research analysts anticipate that XPEL, Inc. will post 2.02 EPS for the current year.

Institutional Investors Weigh In On XPEL

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Sector Pension Investment Board grew its position in XPEL by 27.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 110,388 shares of the company's stock worth $5,050,000 after acquiring an additional 23,982 shares during the last quarter. Roubaix Capital LLC boosted its stake in shares of XPEL by 8.8% during the third quarter. Roubaix Capital LLC now owns 101,840 shares of the company's stock valued at $4,498,000 after purchasing an additional 8,265 shares during the period. Bridges Investment Management Inc. boosted its stake in shares of XPEL by 1.4% during the third quarter. Bridges Investment Management Inc. now owns 80,498 shares of the company's stock valued at $3,556,000 after purchasing an additional 1,093 shares during the period. King Luther Capital Management Corp bought a new position in shares of XPEL in the third quarter worth approximately $6,090,000. Finally, Maryland State Retirement & Pension System bought a new position in shares of XPEL in the third quarter worth approximately $247,000. Institutional investors own 75.08% of the company's stock.

XPEL Company Profile

XPEL, Inc. develops and distributes protective films, coatings and related products for vehicles and buildings. Its automotive offerings include paint protection film, window tint and ceramic coatings designed to help protect vehicle surfaces and interiors. The company also serves the architectural market with films for glass and other building surfaces. XPEL supports product installation through a network of dealers and installers, along with training, installation tools and its Design Access Program software, which provides digital patterns for cutting protective films.

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