XPEL (NASDAQ:XPEL) Shares Gap Up – Here’s Why

XPEL, Inc. (NASDAQ:XPEL)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $44.75, but opened at $47.00. XPEL shares last traded at $46.01, with a volume of 4,456 shares trading hands.

Analysts Set New Price Targets

A number of research firms have commented on XPEL. Freedom Capital raised XPEL from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings lowered XPEL from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Finally, B. Riley Financial raised their price objective on XPEL from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

XPEL Price Performance

The company has a market capitalization of $1.26 billion, a P/E ratio of 23.21 and a beta of 1.13. The company has a fifty day moving average price of $47.37 and a 200 day moving average price of $45.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.61 and a quick ratio of 1.14.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. The business had revenue of $143.05 million for the quarter, compared to the consensus estimate of $135.09 million. XPEL had a return on equity of 18.98% and a net margin of 10.77%.The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, sell-side analysts forecast that XPEL, Inc. will post 2.12 EPS for the current fiscal year.

Hedge Funds Weigh In On XPEL

Hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors LP increased its holdings in shares of XPEL by 0.8% in the 1st quarter. Wasatch Advisors LP now owns 3,844,574 shares of the company’s stock worth $170,161,000 after acquiring an additional 30,074 shares during the period. BlackRock Inc. acquired a new position in XPEL during the 2nd quarter valued at about $190,144,000. Alta Fox Capital Management LLC boosted its stake in XPEL by 2,392.9% during the 4th quarter. Alta Fox Capital Management LLC now owns 1,442,638 shares of the company’s stock valued at $72,002,000 after purchasing an additional 1,384,769 shares during the period. SCS Capital Management LLC bought a new position in XPEL in the 2nd quarter worth about $61,580,000. Finally, Dimensional Fund Advisors LP grew its position in XPEL by 16.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 472,643 shares of the company’s stock worth $20,911,000 after purchasing an additional 68,295 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

XPEL Company Profile

XPEL, Inc develops, manufactures and distributes protective films and coatings for automotive, marine, residential, commercial and industrial applications. The company is best known for paint protection film, which is designed to help protect vehicle surfaces from rock chips, scratches and other environmental damage.

Its product portfolio also includes automotive and architectural window films, surface-protection products, ceramic coatings and installation-related solutions. XPEL sells its products through a network of authorized dealers and installers, while its software and digital tools support product visualization, pattern selection and installation workflows.

Founded in 1997, XPEL is headquartered in San Antonio, Texas, and serves customers in the United States and international markets through its distribution and installer network.