Li Auto (NASDAQ:LI) PT Lowered to $36.00

Li Auto (NASDAQ:LI) had its target price dropped by investment analysts at Bank of America from $41.00 to $36.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 73.33% from the company’s current price.

A number of other research firms have also commented on LI. Macquarie assumed coverage on Li Auto in a research report on Monday, April 15th. They issued an “outperform” rating and a $40.00 price target on the stock. Barclays lowered Li Auto from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $39.00 to $25.00 in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and reduced their price target for the company from $45.00 to $41.00 in a research report on Tuesday, February 6th. Morgan Stanley reduced their price target on Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Finally, Citigroup cut their target price on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.50.

Li Auto Price Performance

Shares of LI opened at $20.77 on Tuesday. Li Auto has a 12-month low of $20.60 and a 12-month high of $47.33. The business has a 50-day simple moving average of $28.52 and a two-hundred day simple moving average of $32.71. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $22.04 billion, a PE ratio of 13.85 and a beta of 1.10.

Li Auto (NASDAQ:LI) last issued its earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 17.19% and a net margin of 8.73%. The business had revenue of $5.88 billion during the quarter. Analysts anticipate that Li Auto will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of Li Auto

Several institutional investors and hedge funds have recently modified their holdings of LI. Deutsche Bank AG raised its stake in shares of Li Auto by 100.8% in the third quarter. Deutsche Bank AG now owns 15,273 shares of the company’s stock worth $544,000 after purchasing an additional 1,990,089 shares during the last quarter. Ninety One UK Ltd purchased a new stake in shares of Li Auto in the fourth quarter worth approximately $35,896,000. Ariose Capital Management Ltd purchased a new stake in shares of Li Auto in the fourth quarter worth approximately $29,555,000. SIH Partners LLLP raised its stake in shares of Li Auto by 508.2% in the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock worth $26,976,000 after purchasing an additional 744,419 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Li Auto in the third quarter worth approximately $24,312,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Company Profile

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.