XPEL (NASDAQ:XPEL) Rating Increased to Buy at Wall Street Zen

XPEL (NASDAQ:XPEL) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, Zacks Research upgraded shares of XPEL to a “strong sell” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

XPEL Trading Down 0.6%

Shares of XPEL stock opened at $35.68 on Friday. XPEL has a 12-month low of $24.25 and a 12-month high of $47.23. The firm has a market capitalization of $987.27 million, a price-to-earnings ratio of 20.27 and a beta of 1.67. The firm’s 50 day simple moving average is $36.10 and its two-hundred day simple moving average is $34.00.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. XPEL had a net margin of 10.84% and a return on equity of 21.17%. The business had revenue of $124.71 million for the quarter, compared to analyst estimates of $118.37 million. During the same quarter in the prior year, the business posted $0.54 EPS. XPEL’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, sell-side analysts predict that XPEL will post 1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On XPEL

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of XPEL by 81.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 851 shares of the company’s stock valued at $31,000 after buying an additional 383 shares during the period. Eukles Asset Management acquired a new position in shares of XPEL in the 1st quarter valued at about $35,000. Lazard Asset Management LLC acquired a new position in shares of XPEL in the 2nd quarter valued at $55,000. Brooklyn Investment Group lifted its stake in shares of XPEL by 805.7% in the 1st quarter. Brooklyn Investment Group now owns 1,739 shares of the company’s stock valued at $51,000 after purchasing an additional 1,547 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of XPEL by 234.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,886 shares of the company’s stock valued at $104,000 after purchasing an additional 2,022 shares during the period. Institutional investors and hedge funds 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.