Shares of XP Inc. (NASDAQ:XP – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.3333.
XP has been the topic of several research reports. Weiss Ratings raised shares of XP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group cut their price objective on shares of XP from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Finally, Zacks Research lowered shares of XP from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st.
View Our Latest Stock Report on XP
Institutional Trading of XP
XP Price Performance
NASDAQ XP opened at $16.68 on Friday. The company has a market cap of $8.96 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10. XP has a 52 week low of $14.80 and a 52 week high of $23.13. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $16.45 and its two-hundred day simple moving average is $18.29.
XP Increases Dividend
The business also recently declared an annual dividend, which was paid on Thursday, June 18th. Stockholders of record on Wednesday, June 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This is an increase from XP’s previous annual dividend of $0.18. This represents a dividend yield of 268.0%. XP’s dividend payout ratio is 22.10%.
XP declared that its board has approved a share buyback program on Tuesday, May 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
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.
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