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

XP Inc. (NASDAQ:XP) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.00.

Several brokerages recently weighed in on XP. Itau BBA Securities raised XP from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Monday. UBS Group dropped their price target on XP from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Finally, Weiss Ratings upgraded XP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday.

XP Trading Down 0.7%

NASDAQ XP opened at $19.86 on Friday. XP has a 12 month low of $14.80 and a 12 month high of $23.13. The company has a 50-day moving average of $16.85 and a 200-day moving average of $17.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.80 and a quick ratio of 4.80. The company 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.

XP (NASDAQ:XP) last announced its quarterly earnings data on Monday, August 17th. The company reported $0.53 earnings per share 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 prior year, the firm posted $2.46 EPS. The company’s revenue was up 8.3% on a year-over-year basis. As a group, equities analysts predict that XP will post 2.11 earnings per share for the current year.

XP announced that its Board of Directors has initiated a share buyback program on Tuesday, May 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XP. EverSource Wealth Advisors LLC lifted its position in XP by 65.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock valued at $33,000 after buying an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in XP by 1,783.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,825 shares of the company’s stock valued at $53,000 after acquiring an additional 2,675 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in XP during the 4th quarter valued at $55,000. Parallel Advisors LLC grew its stake in shares of XP by 117.3% during the first quarter. Parallel Advisors LLC now owns 3,288 shares of the company’s stock valued at $63,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in XP during the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors 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.