XPEL (NASDAQ:XPEL) Price Target Lowered to $75.00 at Craig Hallum

XPEL (NASDAQ:XPELGet Rating) had its target price reduced by investment analysts at Craig Hallum from $100.00 to $75.00 in a research report issued on Wednesday, The Fly reports. Craig Hallum’s price objective would indicate a potential upside of 62.37% from the company’s current price.

XPEL has been the subject of several other research reports. Zacks Investment Research raised shares of XPEL from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. B. Riley dropped their target price on shares of XPEL from $120.00 to $100.00 in a research report on Tuesday, March 1st.

Shares of NASDAQ:XPEL opened at $46.19 on Wednesday. The company has a 50 day moving average of $50.87 and a 200 day moving average of $62.08. The stock has a market cap of $1.28 billion, a P/E ratio of 40.52 and a beta of 2.03. XPEL has a 12 month low of $39.80 and a 12 month high of $103.84. The company has a current ratio of 2.18, a quick ratio of 0.75 and a debt-to-equity ratio of 0.30.

XPEL (NASDAQ:XPELGet Rating) last issued its quarterly earnings data on Monday, February 28th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). The firm had revenue of $70.13 million for the quarter, compared to analysts’ expectations of $68.93 million. XPEL had a net margin of 12.18% and a return on equity of 44.99%. During the same period in the prior year, the firm posted $0.22 EPS. On average, equities analysts forecast that XPEL will post 1.54 earnings per share for the current fiscal year.

In other news, Director Richard K. Crumly sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $65.77, for a total value of $1,183,860.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard K. Crumly sold 19,000 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $57.03, for a total transaction of $1,083,570.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,000 shares of company stock valued at $10,370,030. 22.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in XPEL. Voya Investment Management LLC raised its holdings in XPEL by 2.9% during the 3rd quarter. Voya Investment Management LLC now owns 7,160 shares of the company’s stock valued at $543,000 after buying an additional 199 shares during the last quarter. Redmond Asset Management LLC raised its holdings in XPEL by 0.7% during the 4th quarter. Redmond Asset Management LLC now owns 33,572 shares of the company’s stock valued at $2,292,000 after buying an additional 247 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in XPEL by 4.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 6,175 shares of the company’s stock valued at $468,000 after buying an additional 260 shares during the last quarter. Cim LLC raised its holdings in XPEL by 5.5% during the 1st quarter. Cim LLC now owns 6,334 shares of the company’s stock valued at $292,000 after buying an additional 333 shares during the last quarter. Finally, Meritage Portfolio Management raised its holdings in XPEL by 10.0% during the 4th quarter. Meritage Portfolio Management now owns 4,222 shares of the company’s stock valued at $288,000 after buying an additional 383 shares during the last quarter. Hedge funds and other institutional investors own 45.13% of the company’s stock.

XPEL Company Profile (Get Rating)

XPEL, Inc manufactures, sells, distributes, and installs after-market automotive products. The company offers automotive surface and paint protection films, headlight protection, and automotive and architectural window films, as well as proprietary software. It also provides merchandise and apparel; ceramic coatings; and tools and accessories, which includes squeegees and microfiber towels, application fluids, plotter cutters, knives, and other products.

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