Stock analysts at Nomura assumed coverage on shares of Li Auto (NASDAQ:LI) in a research note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other brokerages have also recently commented on LI. Bank of America increased their price objective on shares of Li Auto from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, August 31st. The Goldman Sachs Group started coverage on shares of Li Auto in a research note on Thursday, August 12th. They issued a “conviction-buy” rating on the stock. Citigroup lowered their price objective on shares of Li Auto from $48.10 to $42.50 and set a “buy” rating on the stock in a research note on Tuesday, August 17th. Zacks Investment Research cut shares of Li Auto from a “hold” rating to a “sell” rating in a research note on Wednesday, August 11th. Finally, Needham & Company LLC started coverage on shares of Li Auto in a research note on Tuesday, August 31st. They issued a “buy” rating and a $37.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Li Auto currently has an average rating of “Buy” and an average target price of $41.65.
NASDAQ:LI opened at $28.69 on Thursday. The company has a quick ratio of 5.02, a current ratio of 5.17 and a debt-to-equity ratio of 0.24. Li Auto has a fifty-two week low of $15.98 and a fifty-two week high of $47.70. The stock has a market cap of $29.43 billion, a PE ratio of -179.31 and a beta of 2.09. The firm’s fifty day simple moving average is $28.82 and its 200-day simple moving average is $26.79.
About Li Auto
Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and smart vehicle solutions. The company was formerly known as Leading Ideal Inc and changed its name to Li Auto Inc in July 2020.
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