Nio Inc – (NYSE:NIO) Given Consensus Recommendation of “Hold” by Brokerages

Nio Inc – (NYSE:NIO) has earned an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.55.

A number of research analysts have recently weighed in on the company. Citigroup lowered their price target on NIO from $10.40 to $8.50 and set a “buy” rating on the stock in a report on Thursday, June 6th. Mizuho reiterated a “neutral” rating and set a $5.50 price target on shares of NIO in a report on Monday, March 25th. Macquarie initiated coverage on NIO in a report on Monday, April 15th. They set a “neutral” rating and a $5.00 price target on the stock. JPMorgan Chase & Co. raised NIO from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $4.80 to $5.40 in a research note on Wednesday, May 15th. Finally, Barclays reissued an “underweight” rating and set a $4.00 target price (down from $5.00) on shares of NIO in a research report on Tuesday, April 2nd.

NIO Stock Performance

Shares of NIO opened at $4.64 on Tuesday. The company has a 50-day moving average of $4.84 and a two-hundred day moving average of $5.37. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of -2.74 and a beta of 1.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 1.03. NIO has a one year low of $3.61 and a one year high of $16.18.

NIO (NYSE:NIO) last posted its quarterly earnings data on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.05). NIO had a negative return on equity of 111.91% and a negative net margin of 39.38%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.48 billion. On average, equities research analysts expect that NIO will post -1.41 earnings per share for the current year.

Hedge Funds Weigh In On NIO

Large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of NIO by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company’s stock valued at $10,430,000 after buying an additional 439,474 shares during the last quarter. Electron Capital Partners LLC raised its holdings in NIO by 5.6% in the 4th quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock valued at $40,180,000 after acquiring an additional 235,521 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of NIO in the 1st quarter worth approximately $448,000. Quadrature Capital Ltd acquired a new stake in shares of NIO during the 4th quarter worth approximately $12,361,000. Finally, Van ECK Associates Corp grew its holdings in shares of NIO by 9.8% during the 4th quarter. Van ECK Associates Corp now owns 536,774 shares of the company’s stock worth $4,869,000 after purchasing an additional 47,773 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Company Profile

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.