Nio Inc – (NYSE:NIO) Receives $5.17 Average PT from Brokerages

Shares of Nio Inc – (NYSE:NIO) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.05.

Several equities analysts recently weighed in on NIO shares. Mizuho cut their price target on NIO from $4.20 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Citigroup decreased their price objective on shares of NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th. Finally, HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

NIO Trading Up 2.6 %

Shares of NYSE:NIO opened at $3.61 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. NIO has a 12-month low of $3.02 and a 12-month high of $7.71. The business has a 50 day moving average of $4.22 and a two-hundred day moving average of $4.65. The company has a market capitalization of $7.53 billion, a PE ratio of -2.39 and a beta of 1.74.

NIO (NYSE:NIO) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same period last year, the company posted ($2.81) earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, analysts forecast that NIO will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its position in NIO by 1,652,962.5% during the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock worth $883,000 after buying an additional 132,237 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of NIO during the 4th quarter valued at about $1,360,000. AlphaStar Capital Management LLC purchased a new stake in shares of NIO in the fourth quarter valued at about $537,000. Arizona PSPRS Trust acquired a new stake in NIO during the fourth quarter worth about $1,330,000. Finally, Principal Financial Group Inc. raised its stake in NIO by 140.2% during the third quarter. Principal Financial Group Inc. now owns 75,100 shares of the company’s stock worth $502,000 after purchasing an additional 43,839 shares during the period. 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.