Li Auto (NASDAQ:LI) Rating Lowered to Equal Weight at Barclays

Li Auto (NASDAQ:LI) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday, MarketBeat.com reports. They currently have a $25.00 price objective on the stock, down from their previous price objective of $39.00. Barclays‘s price objective points to a potential downside of 0.16% from the company’s previous close.

Other research analysts also recently issued reports about the company. Morgan Stanley lowered their price target on Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. The Goldman Sachs Group assumed coverage on shares of Li Auto in a report on Wednesday, January 3rd. They set a “buy” rating on the stock. Citigroup reduced 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 note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and lowered their price objective for the company from $45.00 to $41.00 in a research report on Tuesday, February 6th. Finally, Bank of America cut their target price on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, March 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $45.36.

Li Auto Price Performance

LI stock opened at $25.04 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.48 and a current ratio of 1.57. The firm has a 50 day moving average price of $32.95 and a 200-day moving average price of $33.74. Li Auto has a 52-week low of $22.26 and a 52-week high of $47.33. The firm has a market capitalization of $26.57 billion, a price-to-earnings ratio of 16.15 and a beta of 1.04.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The firm had revenue of $5.88 billion during the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. Equities research analysts forecast that Li Auto will post 1.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Several institutional investors and hedge funds have recently modified their holdings of LI. CWM LLC grew its position in shares of Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company’s stock valued at $65,000 after purchasing an additional 676 shares in the last quarter. SG Americas Securities LLC increased its stake in Li Auto by 100.9% in the 3rd quarter. SG Americas Securities LLC now owns 11,249 shares of the company’s stock worth $401,000 after acquiring an additional 5,650 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in Li Auto in the 3rd quarter worth approximately $245,000. Concourse Financial Group Securities Inc. raised its holdings in shares of Li Auto by 186.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after acquiring an additional 930 shares in the last quarter. Finally, Calamos Wealth Management LLC bought a new position in shares of Li Auto during the 3rd quarter valued at approximately $1,121,000. Institutional investors own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc 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 offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.