Nio Inc – (NYSE:NIO) Receives $8.48 Consensus Price Target from Analysts

Nio Inc – (NYSE:NIO) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $8.48.

Several research firms have issued reports on NIO. UBS Group cut their price target on shares of NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Mizuho reaffirmed a “neutral” rating and set a $5.50 target price on shares of NIO in a research report on Monday, March 25th. Macquarie started coverage on NIO in a report on Monday, April 15th. They issued a “neutral” rating and a $5.00 price target for the company. JPMorgan Chase & Co. upgraded shares of NIO from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $4.80 to $5.40 in a report on Wednesday, May 15th. Finally, Barclays reiterated an “underweight” rating and issued a $4.00 target price (down from $5.00) on shares of NIO in a research note on Tuesday, April 2nd.

NIO Price Performance

NIO opened at $4.83 on Monday. The firm has a market capitalization of $8.30 billion, a PE ratio of -2.76 and a beta of 1.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13. The business’s 50-day moving average is $4.78 and its two-hundred day moving average is $6.16. NIO has a 1 year low of $3.61 and a 1 year high of $16.18.

NIO (NYSE:NIO) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $18.16 billion. NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.51) EPS. Research analysts anticipate that NIO will post -1.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

A number of institutional investors have recently modified their holdings of NIO. Hsbc Holdings PLC grew its holdings in NIO by 238.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock worth $64,070,000 after acquiring an additional 4,976,403 shares during the period. Electron Capital Partners LLC acquired a new stake in shares of NIO during the 3rd quarter worth approximately $37,918,000. Quadrature Capital Ltd purchased a new position in shares of NIO during the 4th quarter valued at approximately $12,361,000. Swedbank AB acquired a new position in shares of NIO in the 1st quarter valued at $5,343,000. Finally, Norges Bank purchased a new stake in NIO during the fourth quarter worth $9,652,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.