Nio Inc – (NYSE:NIO) Receives $8.48 Consensus PT from Analysts

Nio Inc – (NYSE:NIO) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $8.48.

Several analysts recently commented on the company. Barclays reaffirmed an “underweight” rating and issued a $4.00 price target (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Mizuho reaffirmed a “neutral” rating and issued a $5.50 price target on shares of NIO in a research note on Monday, March 25th. Jefferies Financial Group decreased their price target on NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Bank of America decreased their price target on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upgraded NIO from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $4.80 to $5.40 in a research report on Wednesday, May 15th.

Institutional Investors Weigh In On NIO

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Prudential PLC raised its position in shares of NIO by 0.9% during the third quarter. Prudential PLC now owns 177,715 shares of the company’s stock worth $1,607,000 after acquiring an additional 1,641 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of NIO by 9.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,075 shares of the company’s stock worth $182,000 after purchasing an additional 1,816 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of NIO by 15.4% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,712 shares of the company’s stock worth $133,000 after purchasing an additional 1,962 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of NIO by 2.5% during the first quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock worth $371,000 after purchasing an additional 2,000 shares during the period. Finally, Fountainhead AM LLC grew its stake in shares of NIO by 20.0% during the fourth quarter. Fountainhead AM LLC now owns 12,047 shares of the company’s stock worth $109,000 after purchasing an additional 2,012 shares during the period. Institutional investors own 48.55% of the company’s stock.

NIO Price Performance

Shares of NYSE:NIO opened at $5.25 on Monday. NIO has a 1-year low of $3.61 and a 1-year high of $16.18. The firm has a market capitalization of $9.02 billion, a PE ratio of -3.00 and a beta of 1.92. The business’s 50 day moving average is $4.81 and its 200-day moving average is $6.21. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

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 the consensus estimate of ($2.39) by ($0.42). The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $18.16 billion. NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. NIO’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.51) EPS. Sell-side analysts predict that NIO will post -1.26 earnings per share 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.