Nio Inc – (NYSE:NIO) Receives $5.03 Consensus Target Price from Analysts

Nio Inc – (NYSE:NIO) has been given an average rating of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.03.

NIO has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group cut shares of NIO from a “neutral” rating to a “sell” rating and lowered their target price for the company from $4.80 to $3.90 in a report on Monday, November 25th. Finally, Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

NIO Stock Down 8.8 %

NIO stock opened at $4.72 on Friday. The stock has a market cap of $9.84 billion, a PE ratio of -3.12 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock’s fifty day moving average is $4.42 and its two-hundred day moving average is $4.86. NIO has a 1-year low of $3.61 and a 1-year high of $7.71.

Institutional Investors Weigh In On NIO

Several hedge funds have recently made changes to their positions in NIO. Blue Trust Inc. raised its stake in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after acquiring an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after purchasing an additional 4,332 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of NIO during the fourth quarter worth $44,000. Sava Infond d.o.o. purchased a new position in NIO in the 4th quarter valued at $44,000. Finally, Trilogy Capital Inc. acquired a new position in NIO in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.