Nio Inc – (NYSE:NIO) Receives Average Recommendation of “Reduce” from Analysts

Nio Inc – (NYSE:NIO) has received an average rating of “Reduce” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.43.

A number of brokerages recently weighed in on NIO. JPMorgan Chase & Co. lowered their price objective on shares of NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a research report on Wednesday, March 6th. Sanford C. Bernstein decreased their target price on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, March 7th. Mizuho restated a “neutral” rating and issued a $5.50 target price on shares of NIO in a research report on Monday, March 25th. Macquarie started coverage on shares of NIO in a research report on Monday, April 15th. They issued a “neutral” rating and a $5.00 target price for the company. Finally, Bank of America decreased their target price on shares of NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, March 6th.

Institutional Trading of NIO

Institutional investors have recently made changes to their positions in the stock. Bfsg LLC acquired a new stake in shares of NIO in the 4th quarter worth approximately $33,000. Rakuten Securities Inc. acquired a new stake in NIO during the fourth quarter valued at approximately $38,000. Newbridge Financial Services Group Inc. lifted its stake in NIO by 272.3% during the first quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock valued at $42,000 after purchasing an additional 6,875 shares during the last quarter. Principal Securities Inc. acquired a new stake in NIO during the fourth quarter valued at approximately $42,000. Finally, Peoples Bank KS acquired a new stake in NIO during the third quarter valued at approximately $46,000. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Price Performance

Shares of NYSE:NIO opened at $4.15 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $16.18. The firm has a 50-day simple moving average of $5.10 and a 200 day simple moving average of $6.62. The company has a market cap of $7.13 billion, a PE ratio of -2.37 and a beta of 1.93.

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

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.