XP Inc. (NASDAQ:XP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of XP Inc. (NASDAQ:XP) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $23.00.

XP has been the topic of several research reports. Itau BBA Securities upgraded shares of XP from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Monday. Weiss Ratings upgraded XP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, UBS Group lowered their target price on XP from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd.

XP Trading Down 0.7%

Shares of XP stock opened at $19.86 on Friday. XP has a fifty-two week low of $14.80 and a fifty-two week high of $23.13. The stock has a market cap of $10.67 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.58 and a beta of 1.08. The business has a fifty day simple moving average of $16.85 and a 200-day simple moving average of $17.94. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.07.

XP (NASDAQ:XP) last released its quarterly earnings data on Monday, August 17th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. XP had a net margin of 27.20% and a return on equity of 22.19%. The business had revenue of $943.55 million for the quarter, compared to analyst estimates of $935.15 million. During the same period in the previous year, the firm earned $2.46 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts forecast that XP will post 2.11 earnings per share for the current fiscal year.

XP declared that its board has authorized a share buyback program on Tuesday, May 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of XP

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in XP by 65.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock valued at $33,000 after purchasing an additional 646 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 purchasing an additional 2,675 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of XP during the 4th quarter worth about $55,000. Parallel Advisors LLC grew its holdings in shares of XP by 117.3% during the first quarter. Parallel Advisors LLC now owns 3,288 shares of the company’s stock worth $63,000 after buying an additional 1,775 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in shares of XP during the third quarter worth about $64,000. Institutional investors and hedge funds own 59.15% of the company’s stock.

XP Company Profile

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.