XP Inc (NASDAQ: XP) Forecast To Gain 15.74% And Reach Consensus Price Target

XP Inc (NASDAQ:XP) has a beta value of 1.64 and has seen 4.58 million shares traded in the recent trading session. The company, currently valued at $10.86B, closed the last trade at $19.80 per share which meant it gained $1.36 on the day or 7.38% during that session. The XP stock price is -39.95% off its 52-week high price of $27.71 and 23.03% above the 52-week low of $15.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.96 million shares traded. The 3-month trading volume is 5.48 million shares.

The consensus among analysts is that XP Inc (XP) is Hold stock at the moment, with a recommendation rating of 1.91. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 9 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.36.

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XP Inc (NASDAQ:XP) trade information

Sporting 7.38% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the XP stock price touched $19.80 or saw a rise of 1.44%. Year-to-date, XP Inc shares have moved -24.05%, while the 5-day performance has seen it change 18.64%. Over the past 30 days, the shares of XP Inc (NASDAQ:XP) have changed 5.88%. Short interest in the company has seen 12.09 million shares shorted with days to cover at 2.92.

Wall Street analysts have a consensus price target for the stock at $23.5, which means that the shares’ value could jump 15.74% from the levels at last check today. The projected low price target is $19.0 while the price target rests at a high of $33.0. In that case, then, we find that the latest price level in today’s session is -66.67% off the targeted high while a plunge would see the stock lose 4.04% from the levels at last check today.

XP Inc (XP) estimates and forecasts

Figures show that XP Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -18.48% over the past 6 months, with this year growth rate of 6.41%, compared to 11.60% for the industry. Revenue growth from the last financial year stood is estimated to be 11.40%.

4 analysts offering their estimates for the company have set an average revenue estimate of 768M for the current quarter. 4 have an estimated revenue figure of 795.66M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 44.60% over the past 5 years. Earnings growth for 2024 is a modest 7.24% while over the next 5 years, the company’s earnings are expected to increase by 13.70%.

XP Dividends

XP Inc is expected to release its next earnings report 2024-Aug-13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.31 at a share yield of 6.64%. The company’s dividend yield has gone up over the past 12 months.

XP Inc (NASDAQ:XP)’s Major holders

The top two institutional holders are DODGE & COX with over 29.69 million shares worth more than $761.72 million. As of 2024-03-31, DODGE & COX held 5.3625% of shares outstanding.

The other major institutional holder is GENERAL ATLANTIC, L.P., with the holding of over 29.62 million shares as of 2024-03-31. The firm’s total holdings are worth over $759.99 million and represent 5.3503% of shares outstanding.