Li Auto (NASDAQ:LI) Now Covered by Analysts at Macquarie

Research analysts at Macquarie assumed coverage on shares of Li Auto (NASDAQ:LI) in a note issued to investors on Monday, MarketBeat reports. The firm set an “outperform” rating and a $40.00 price target on the stock. Macquarie’s price target suggests a potential upside of 40.80% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a “hold” rating to a “buy” rating and cut their price objective for the company from $45.00 to $41.00 in a research report on Tuesday, February 6th. Morgan Stanley dropped their price target on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Citigroup dropped their price target on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research report on Friday, March 22nd. Barclays dropped their price target on shares of Li Auto from $56.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Li Auto in a research report on Wednesday, January 3rd. They set a “buy” rating for the company. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $47.36.

Li Auto Stock Performance

NASDAQ:LI opened at $28.41 on Monday. The firm has a 50 day simple moving average of $33.71 and a 200-day simple moving average of $34.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. The firm has a market cap of $30.14 billion, a PE ratio of 18.33 and a beta of 1.05. Li Auto has a 1-year low of $21.48 and a 1-year high of $47.33.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The business had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. On average, equities analysts expect that Li Auto will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LI. Captrust Financial Advisors boosted its stake in Li Auto by 584.1% during the 1st quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after acquiring an additional 917 shares during the last quarter. IFP Advisors Inc boosted its stake in Li Auto by 233.3% during the 2nd quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock valued at $35,000 after acquiring an additional 700 shares during the last quarter. Scarborough Advisors LLC bought a new position in Li Auto during the 4th quarter valued at $41,000. Concourse Financial Group Securities Inc. boosted its stake in Li Auto by 186.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock valued at $51,000 after acquiring an additional 930 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new position in Li Auto during the 4th quarter valued at $57,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Li Auto Company Profile

Li Auto Inc, through its subsidiaries, operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.