XPEL (NASDAQ:XPEL) Stock Rating Reaffirmed by Craig Hallum

XPEL (NASDAQ:XPEL)‘s stock had its “hold” rating reissued by equities research analysts at Craig Hallum in a note issued to investors on Friday, Benzinga reports. They currently have a $40.00 price target on the stock, down from their prior price target of $60.00. Craig Hallum’s price objective points to a potential upside of 24.73% from the company’s previous close.

Separately, B. Riley reiterated a “neutral” rating and issued a $37.00 price objective (down from $74.00) on shares of XPEL in a research report on Friday.

XPEL Trading Down 2.4 %

Shares of XPEL stock opened at $32.07 on Friday. The company has a 50-day moving average of $52.77 and a two-hundred day moving average of $51.76. XPEL has a 12-month low of $30.75 and a 12-month high of $87.46. The company has a current ratio of 4.81, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $886.09 million, a PE ratio of 18.54 and a beta of 1.84.

XPEL (NASDAQ:XPEL) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $90.10 million during the quarter, compared to analysts’ expectations of $94.08 million. XPEL had a net margin of 11.99% and a return on equity of 29.11%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. On average, research analysts anticipate that XPEL will post 2.2 EPS for the current fiscal year.

Hedge Funds Weigh In On XPEL

Several hedge funds have recently bought and sold shares of the stock. Mendota Financial Group LLC acquired a new stake in shares of XPEL during the first quarter valued at $175,000. Los Angeles Capital Management LLC acquired a new position in shares of XPEL in the third quarter valued at approximately $215,000. Dakota Wealth Management purchased a new position in shares of XPEL during the third quarter valued at approximately $218,000. WINTON GROUP Ltd purchased a new position in shares of XPEL during the third quarter valued at approximately $222,000. Finally, Aristides Capital LLC acquired a new stake in XPEL during the fourth quarter worth approximately $247,000. 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.