XPEL’s (XPEL) “Hold” Rating Reiterated at Craig Hallum

Craig Hallum reaffirmed their hold rating on shares of XPEL (NASDAQ:XPEL) in a report published on Friday morning, Benzinga reports. Craig Hallum currently has a $40.00 price objective on the stock, down from their previous price objective of $60.00.

Separately, B. Riley reaffirmed a neutral rating and issued a $37.00 price objective (down previously from $74.00) on shares of XPEL in a research note on Friday.

XPEL Trading Down 2.4 %

Shares of NASDAQ:XPEL opened at $32.07 on Friday. The company has a market cap of $886.09 million, a PE ratio of 18.54 and a beta of 1.84. XPEL has a 12-month low of $30.75 and a 12-month high of $87.46. The stock has a 50 day moving average of $52.77 and a 200 day moving average of $51.60. The company has a current ratio of 4.81, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13.

XPEL (NASDAQ:XPEL) last released its earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $94.08 million. XPEL had a net margin of 11.99% and a return on equity of 29.11%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. As a group, equities research analysts expect that XPEL will post 2.2 EPS for the current year.

Hedge Funds Weigh In On XPEL

Several hedge funds have recently modified their holdings of XPEL. Mendota Financial Group LLC purchased a new position in XPEL during the 1st quarter valued at approximately $175,000. Los Angeles Capital Management LLC bought a new position in shares of XPEL during the 3rd quarter valued at approximately $215,000. Dakota Wealth Management bought a new position in shares of XPEL during the 3rd quarter valued at approximately $218,000. WINTON GROUP Ltd purchased a new position in shares of XPEL in the third quarter valued at $222,000. Finally, Aristides Capital LLC bought a new stake in XPEL in the fourth quarter worth $247,000. 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.