NIO (NYSE:NIO) Rating Increased to Moderate Buy at Dbs Bank

NIO (NYSE:NIO) was upgraded by equities research analysts at Dbs Bank from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on NIO. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and increased their target price for the company from $4.80 to $6.80 in a research report on Friday, March 13th. Barclays upped their price objective on shares of NIO from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of NIO in a research note on Monday, December 29th. Macquarie Infrastructure upgraded NIO from a “neutral” rating to an “outperform” rating and set a $6.10 target price on the stock in a report on Thursday, January 15th. Finally, Bank of America restated a “neutral” rating on shares of NIO in a research report on Tuesday, March 10th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, NIO has a consensus rating of “Hold” and a consensus target price of $6.80.

NIO Trading Down 1.1%

Shares of NIO stock opened at $5.97 on Monday. NIO has a fifty-two week low of $3.02 and a fifty-two week high of $8.02. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98. The stock’s fifty day moving average is $4.92 and its two-hundred day moving average is $5.77. The firm has a market capitalization of $13.71 billion, a P/E ratio of -6.15 and a beta of 1.11.

Institutional Investors Weigh In On NIO

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in NIO by 148.3% during the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock worth $37,000 after purchasing an additional 2,877 shares during the period. Atlantic Union Bankshares Corp increased its holdings in shares of NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock worth $30,000 after buying an additional 2,950 shares during the last quarter. Allworth Financial LP increased its holdings in shares of NIO by 183.5% during the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock worth $50,000 after buying an additional 4,269 shares during the last quarter. Arax Advisory Partners raised its position in shares of NIO by 81.6% during the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after buying an additional 3,487 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of NIO during the 4th quarter valued at approximately $41,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.