The stock of XP Inc (NASDAQ:XP) last traded at $23.47, up 0.69% from the previous session.
Data from the available sources indicates that XP Inc (NASDAQ:XP) is covered by 10 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $175.24 and a low of $101.25, we find $146.03. Given the previous closing price of $23.31, this indicates a potential upside of 526.47 percent. XP stock price is now 4.66% away from the 50-day moving average and 20.37% away from the 200-day moving average. The market capitalization of the company currently stands at $12.86B.
In total, 2 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $144.66 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 38.27% of the company’s stock is owned by insiders.
With an opening price of $23.38 on Friday morning, XP Inc (NASDAQ: XP) set off the trading day. 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 $10.71B, which is based on a 18.26 price-to-earnings ratio, a 1.13 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for XP is $22.40 and a two-hundred day moving average price translates $19.53 for the stock.
The latest earnings results from XP Inc (NASDAQ: XP) was released for Sep, 2023. According to the Capital Markets Company, earnings per share came in at $0.44, beating analysts’ expectations of $0.42 by 0.02. This compares to $0.34 EPS in the same period last year. The net profit margin was 25.28% and return on equity was 19.97% for XP. The company reported revenue of $846.22 million for the quarter, compared to $690.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.51 percent. For the current quarter, analysts expect XP to generate $832.2M in revenue.
XP Inc(XP) Company Profile
XP Inc. provides financial products and services in Brazil. It operates XP Platform, an open product platform that provides clients to access investment products in the market comprising brokerage securities, fixed income securities, mutual, hedge, and private equity funds; derivatives and synthetic instruments; credit cards; loan operations/collateralized credit products; pension and social security funds, and life and travel insurance products; and other investment products comprising real estate funds, and equity and debt capital markets solutions, as well as wealth management services. The company offers brokerage and issuer services to institutional and corporate clients. It also manages mutual funds focused on stocks and macro strategies distributed to retail and to institutional clients; funds and managed portfolios for high-net-worth retail clients, and proprietary treasury funds; and passive mutual funds that track market indexes, and mutual and investment funds focused on fixed income, credit, real estate, infrastructure, and other alternative strategies. In addition, the company offers securities brokerage services for institutional and retail investors; interdealer brokerage services for institutional traders; and commercial and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits, as well as develops and sells financial education courses and events online and in person to retail clients. It offers its sell products and services through its omni-channel distribution network and online portals. XP Inc. was founded in 2001 and is based in Grand Cayman, Cayman Islands.