Li Auto Inc. (NASDAQ:LI) Given Consensus Rating of “Moderate Buy” by Brokerages

Li Auto Inc. (NASDAQ:LI) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $40.08.

LI has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a report on Friday, March 22nd. Macquarie assumed coverage on Li Auto in a report on Monday, April 15th. They set an “outperform” rating and a $40.00 price target for the company. Barclays dropped their price objective on Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 21st. Morgan Stanley lowered their price target on Li Auto from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Finally, Bank of America reduced their price objective on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st.

Institutional Investors Weigh In On Li Auto

Several hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale raised its stake in shares of Li Auto by 510.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock worth $2,370,000 after purchasing an additional 63,917 shares during the last quarter. Swedbank AB purchased a new stake in Li Auto during the first quarter worth $2,003,000. Virtu Financial LLC purchased a new stake in shares of Li Auto in the 1st quarter worth about $397,000. Tidal Investments LLC increased its holdings in Li Auto by 6.2% during the 1st quarter. Tidal Investments LLC now owns 97,408 shares of the company’s stock valued at $2,950,000 after acquiring an additional 5,666 shares in the last quarter. Finally, Bayesian Capital Management LP increased its holdings in Li Auto by 108.1% during the 1st quarter. Bayesian Capital Management LP now owns 53,705 shares of the company’s stock valued at $1,626,000 after acquiring an additional 27,900 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Trading Down 0.3 %

LI opened at $20.12 on Wednesday. The business has a fifty day moving average price of $21.53 and a 200 day moving average price of $28.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.37. Li Auto has a 12 month low of $17.75 and a 12 month high of $47.33. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.47 and a beta of 0.97.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Monday, May 20th. The company reported $0.08 EPS for the quarter. The business had revenue of $3.55 billion during the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. Sell-side analysts expect that Li Auto will post 1.04 earnings per share for the current fiscal year.

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.