XP Inc. (NASDAQ:XP) Receives $22.86 Average PT from Analysts

XP Inc. (NASDAQ:XP) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $22.8571.

Several research analysts recently commented on XP shares. Jefferies Financial Group started coverage on XP in a research report on Monday, January 19th. They issued a “buy” rating and a $22.00 target price for the company. UBS Group raised their target price on XP from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Zacks Research raised XP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of XP in a research report on Monday, December 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in XP by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the company’s stock worth $227,000 after purchasing an additional 573 shares during the period. Summit Global Investments grew its position in shares of XP by 5.8% during the 3rd quarter. Summit Global Investments now owns 11,624 shares of the company’s stock worth $218,000 after buying an additional 636 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of XP by 65.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock worth $33,000 after buying an additional 646 shares during the period. SummitTX Capital L.P. grew its position in shares of XP by 2.8% during the 4th quarter. SummitTX Capital L.P. now owns 30,978 shares of the company’s stock worth $507,000 after buying an additional 857 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of XP by 1.6% during the 3rd quarter. California State Teachers Retirement System now owns 54,107 shares of the company’s stock worth $1,017,000 after buying an additional 866 shares during the period. 59.15% of the stock is owned by institutional investors.

XP Stock Up 0.4%

XP opened at $19.99 on Wednesday. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.64 and a beta of 1.26. XP has a 1-year low of $12.79 and a 1-year high of $23.13. The business has a 50 day moving average of $19.73 and a 200-day moving average of $18.49. The company has a current ratio of 5.36, a quick ratio of 6.12 and a debt-to-equity ratio of 0.01.

XP (NASDAQ:XP) last issued its earnings results on Friday, February 13th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $806.08 million during the quarter. XP had a return on equity of 23.08% and a net margin of 27.51%.The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $2.23 earnings per share. As a group, sell-side analysts anticipate that XP will post 1.36 earnings per share for the current year.

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.