The price of XP Inc. (NASDAQ:XP) shares last traded on Wall Street fell -4.01% to $25.39.
Based on available information, 11 analysts follow XP Inc. (NASDAQ:XP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $179.28 and a low of $81.60, we find $148.82. Given the previous closing price of $26.45, this indicates a potential upside of 462.65 percent. XP stock price is now -0.35% away from the 50-day moving average and 39.20% away from the 200-day moving average. The market capitalization of the company currently stands at $13.85B.
Among analysts, 3 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $143.51 as their price target over the next twelve months.
With the price target enhanced from $15 to $26, Credit Suisse Upgraded its rating from Underperform to Neutral for XP Inc. (NASDAQ: XP).
A total of 14.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in XP stock. A new stake in XP Inc. shares was purchased by ATMOS CAPITAL GESTAO DE RECURSOS LTDA. during the first quarter worth $234,228,000. JGP GLOBAL GESTAO DE RECURSOS LTDA. invested $55,531,000 in shares of XP during the first quarter. In the first quarter, VERDE SERVICOS INTERNACIONAIS S.A. acquired a new stake in XP Inc. valued at approximately $50,865,000. JENNISON ASSOCIATES LLC acquired a new stake in XP for approximately $45,925,000. NUVEEN ASSET MANAGEMENT, LLC purchased a new stake in XP valued at around $33,997,000 in the second quarter. In total, there are 331 active investors with 63.10% ownership of the company’s stock.
A candlestick chart of XP Inc. (NASDAQ: XP) showed a price of $26.38 on Tuesday morning. During the past 12 months, XP Inc. has had a low of $10.30 and a high of $27.71. According to the stock market information, the enterprise value for the company is $11.70B, which is based on a 18.89 price-to-earnings ratio, a 1.09 price-to-earnings-growth ratio, and a beta of 1.64. The fifty day moving average price for XP is $25.53 and a two-hundred day moving average price translates $18.28 for the stock.
The latest earnings results from XP Inc. (NASDAQ: XP) was released for Jun, 2023. According to the Capital Markets Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.38 by 0.03. This compares to $0.32 EPS in the same period last year. The net profit margin was 26.60% and return on equity was 20.50% for XP. The company reported revenue of $716.82 million for the quarter, compared to $696.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.88 percent. For the current quarter, analysts expect XP to generate $789.52M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/25/2023. Investors who held shares on 09/12/2023 were paid a $0.58 dividend.