XPEL (NASDAQ:XPEL) Rating Increased to Buy at Wall Street Zen

XPEL (NASDAQ:XPEL) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Separately, Zacks Research upgraded shares of XPEL to a “strong sell” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

XPEL Price Performance

XPEL opened at $35.68 on Friday. The firm has a fifty day moving average price of $36.10 and a 200 day moving average price of $34.00. XPEL has a 1 year low of $24.25 and a 1 year high of $47.23. The stock has a market cap of $987.27 million, a P/E ratio of 20.27 and a beta of 1.67.

XPEL (NASDAQ:XPEL) last posted its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The firm had revenue of $124.71 million during the quarter, compared to analysts’ expectations of $118.37 million. XPEL had a net margin of 10.84% and a return on equity of 21.17%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. Equities analysts expect that XPEL will post 1.73 EPS for the current year.

Institutional Investors Weigh In On XPEL

A number of hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. raised its position in shares of XPEL by 319.7% in the second quarter. Osaic Holdings Inc. now owns 2,984 shares of the company’s stock valued at $107,000 after buying an additional 2,273 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of XPEL by 27.5% in the second quarter. Squarepoint Ops LLC now owns 16,757 shares of the company’s stock valued at $602,000 after buying an additional 3,619 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of XPEL by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 77,226 shares of the company’s stock valued at $2,772,000 after buying an additional 5,306 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of XPEL by 234.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,886 shares of the company’s stock valued at $104,000 after buying an additional 2,022 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its position in shares of XPEL by 18.2% in the second quarter. State of Tennessee Department of Treasury now owns 11,536 shares of the company’s stock valued at $414,000 after buying an additional 1,778 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

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.