XPeng (NYSE:XPEV) issued its quarterly earnings data on Monday. The company reported ($1.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.60), Fidelity Earnings reports. XPeng had a negative return on equity of 12.20% and a negative net margin of 33.74%. During the same period in the prior year, the business earned ($0.66) earnings per share.
Shares of NYSE:XPEV opened at $51.30 on Wednesday. XPeng has a one year low of $22.73 and a one year high of $74.49. The stock has a fifty day moving average of $42.12 and a 200-day moving average of $39.69. The company has a market capitalization of $41.21 billion, a PE ratio of -39.77 and a beta of 8.12. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.65 and a current ratio of 3.87.
A number of brokerages recently issued reports on XPEV. Daiwa Capital Markets started coverage on XPeng in a report on Wednesday, August 4th. They issued a “buy” rating for the company. Bank of America increased their price target on XPeng from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, October 1st. Citigroup increased their price target on XPeng from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein started coverage on XPeng in a research note on Thursday, October 28th. They set an “outperform” rating and a $56.00 price target for the company. Finally, Zacks Investment Research lowered XPeng from a “hold” rating to a “sell” rating in a research note on Thursday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $56.73.
XPeng Company Profile
XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 name; and four-door sports sedan under the P7 name. The company also provides sales contract, maintenance, super charging, vehicle leasing, and ride-hailing services.
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