Look At Analyst Expectations For A Better Read On XP Inc (NASDAQ: XP)

With over 36.52 million XP Inc (XP) shares trading Friday and a closing price of $24.54 on the day, the dollar volume was approximately $896.29 million. The shares have shown a positive half year performance of 10.89% and its price on 12/15/23 lost nearly -3.16%. Currently, there are 541.32M common shares owned by the public and among those 340.39M shares have been available to trade.

Shares of XP Inc (NASDAQ: XP) opened at $25.26, down -$0.08 from a prior closing price of $25.34. The company’s stock has a 5-day price change of 2.98% and -7.22% over the past three months. XP shares are trading 59.97% year to date (YTD), with the 12-month market performance up to 66.94% higher. It has a 12-month low price of $10.30 and touched a high of $27.71 over the same period. XP has an average intraday trading volume of 5.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.47%, 10.48%, and 20.79% respectively.

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Institutional ownership of XP Inc (NASDAQ: XP) shares accounts for 46.31% of the company’s 541.32M shares outstanding.

It has a market capitalization of $13.45B and a beta (3y monthly) value of 1.69. The stock’s trailing 12-month PE ratio is 19.09, while the earnings-per-share (ttm) stands at $1.29. The company has a PEG of 1.39 and the debt-to-equity ratio at 3.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.83% over the week and 3.68% over the month.

Analysts forecast that XP Inc (XP) will achieve an EPS of $United States Steel Corporation for the current quarter, $39.33 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Qualtrics International Inc. while analysts give the company a high EPS estimate of $BP p.l.c. Comparatively, EPS for the current quarter was $American Express Company a year ago. Earnings per share for the fiscal year are expected to increase by 18.75%, and 24.92% over the next financial year. EPS should shrink at an annualized rate of 13.70% over the next five years, compared to 39.65% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate XP Inc (XP) as a “Strong Buy” at a consensus score of 1.20. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 1 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the XP, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on December 05, 2023, with the firm’s price target at $27-$30.

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