XPEL (NASDAQ:XPEL) Upgraded by Wall Street Zen to “Buy” Rating

XPEL (NASDAQ:XPEL) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

XPEL Stock Performance

XPEL stock opened at $36.15 on Friday. XPEL has a one year low of $24.25 and a one year high of $48.58. The company has a market capitalization of $1.00 billion, a PE ratio of 21.14 and a beta of 1.85. The company’s 50 day moving average price is $33.59 and its two-hundred day moving average price is $36.16.

XPEL (NASDAQ:XPEL) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.06. The firm had revenue of $103.81 million for the quarter, compared to analysts’ expectations of $97.40 million. XPEL had a net margin of 10.92% and a return on equity of 21.89%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. On average, research analysts predict that XPEL will post 1.73 EPS for the current year.

XPEL announced that its Board of Directors has approved a share buyback plan on Tuesday, May 6th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On XPEL

Several large investors have recently modified their holdings of XPEL. SCS Capital Management LLC purchased a new position in shares of XPEL in the 1st quarter worth about $51,460,000. Schwartz Investment Counsel Inc. raised its position in XPEL by 44.2% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 774,339 shares of the company’s stock worth $22,750,000 after buying an additional 237,339 shares during the last quarter. Mirabella Financial Services LLP purchased a new position in XPEL in the 4th quarter worth about $8,855,000. LHM Inc. purchased a new position in XPEL in the 4th quarter worth about $4,887,000. Finally, GAMMA Investing LLC raised its position in XPEL by 11,892.7% in the 1st quarter. GAMMA Investing LLC now owns 98,100 shares of the company’s stock worth $2,882,000 after buying an additional 97,282 shares during the last quarter. 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.