XBP Global (NASDAQ:XBP) Upgraded to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of XBP Global (NASDAQ:XBP) to a strong-buy rating in a report issued on Wednesday, Marketbeat reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of XBP Global in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

XBP Global Stock Up 13.4%

NASDAQ XBP opened at $2.96 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 4.12. XBP Global has a 1-year low of $2.50 and a 1-year high of $25.60. The company has a 50 day moving average of $5.55 and a 200-day moving average of $6.28. The company has a market cap of $34.83 million, a price-to-earnings ratio of -1.35 and a beta of -0.15.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XBP. HoldCo Asset Management LP acquired a new position in XBP Global during the third quarter valued at approximately $6,352,000. Man Group plc acquired a new position in XBP Global during the third quarter valued at approximately $1,817,000. Vanguard Group Inc. raised its position in XBP Global by 6,119.5% during the third quarter. Vanguard Group Inc. now owns 1,895,220 shares of the company’s stock valued at $1,529,000 after purchasing an additional 1,864,748 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in XBP Global during the third quarter valued at approximately $1,362,000. Finally, Bank of America Corp DE raised its position in XBP Global by 511,066.0% during the third quarter. Bank of America Corp DE now owns 1,579,503 shares of the company’s stock valued at $1,275,000 after purchasing an additional 1,579,194 shares in the last quarter. 15.72% of the stock is currently owned by institutional investors and hedge funds.

About XBP Global

XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business.