XPeng Inc. (NYSE:XPEV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of XPeng Inc. (NYSE:XPEV) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $15.63.

Several equities research analysts recently issued reports on the company. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research note on Friday, November 22nd. Sanford C. Bernstein increased their price objective on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Macquarie reaffirmed a “neutral” rating and set a $18.00 price target on shares of XPeng in a research note on Friday, February 7th. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a research note on Thursday, November 21st. Finally, Citigroup raised XPeng from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.70 to $29.00 in a research note on Monday.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XPEV. Creative Planning raised its stake in shares of XPeng by 20.3% in the 3rd quarter. Creative Planning now owns 39,725 shares of the company’s stock valued at $484,000 after acquiring an additional 6,704 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of XPeng in the 3rd quarter valued at approximately $45,000. US Bancorp DE raised its stake in shares of XPeng by 6.3% in the 3rd quarter. US Bancorp DE now owns 73,957 shares of the company’s stock valued at $901,000 after acquiring an additional 4,412 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of XPeng by 4.8% in the 3rd quarter. Van ECK Associates Corp now owns 222,337 shares of the company’s stock valued at $2,481,000 after acquiring an additional 10,148 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of XPeng in the 3rd quarter valued at approximately $110,000. 21.09% of the stock is owned by institutional investors.

XPeng Stock Down 3.0 %

Shares of XPeng stock opened at $22.90 on Tuesday. The stock has a 50-day moving average price of $16.15 and a 200 day moving average price of $13.08. The company has a market cap of $21.57 billion, a P/E ratio of -26.32 and a beta of 2.68. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. XPeng has a 1 year low of $6.55 and a 1 year high of $23.98.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.