XP Inc. (NASDAQ:XP) Given Consensus Rating of “Moderate Buy” by Brokerages
by Renee Jackson · The Cerbat GemXP Inc. (NASDAQ:XP – Get Free Report) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $22.8571.
Several research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of XP in a research report on Monday, January 19th. They set a “buy” rating and a $22.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of XP in a research report on Monday, December 29th. Zacks Research upgraded shares of XP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, UBS Group raised their price objective on XP from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 2nd.
View Our Latest Research Report on XP
XP Stock Performance
Shares of NASDAQ XP traded up $1.16 during midday trading on Wednesday, reaching $19.79. The company’s stock had a trading volume of 8,704,956 shares, compared to its average volume of 6,770,372. XP has a fifty-two week low of $12.23 and a fifty-two week high of $23.13. The firm has a market cap of $10.64 billion, a P/E ratio of 11.44, a P/E/G ratio of 0.61 and a beta of 1.26. The company has a current ratio of 5.36, a quick ratio of 6.12 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $39.93.
XP (NASDAQ:XP – Get Free Report) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. XP had a net margin of 27.51% and a return on equity of 23.08%. The business had revenue of $806.08 million during the quarter. During the same quarter in the prior year, the firm earned $2.23 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Sell-side analysts forecast that XP will post 1.36 earnings per share for the current fiscal year.
Institutional Investors Weigh In On XP
A number of hedge funds and other institutional investors have recently bought and sold shares of XP. EverSource Wealth Advisors LLC grew its position in XP by 65.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock worth $33,000 after acquiring an additional 646 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in XP during the 4th quarter worth $34,000. Caitong International Asset Management Co. Ltd grew its position in XP by 1,783.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,825 shares of the company’s stock worth $53,000 after acquiring an additional 2,675 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in XP during the 4th quarter worth $55,000. Finally, Vestcor Inc bought a new stake in XP during the 3rd quarter worth $64,000. Institutional investors own 59.15% of the company’s stock.
About XP
XP Inc provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients.