Li Auto Inc. (NASDAQ:LI) Receives Consensus Rating of “Moderate Buy” from Analysts

Li Auto Inc. (NASDAQ:LI) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.08.

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

Li Auto Trading Up 1.9 %

Li Auto stock opened at $19.45 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.37. The firm has a 50-day moving average of $22.00 and a 200-day moving average of $28.83. The company has a market cap of $20.64 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 2.16 and a beta of 0.97. Li Auto has a one year low of $17.75 and a one year high of $47.33.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Monday, May 20th. The company reported $0.08 EPS for the quarter. The firm 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%. On average, equities analysts expect that Li Auto will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its position in shares of Li Auto by 4.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,479 shares of the company’s stock valued at $1,403,000 after buying an additional 1,679 shares in the last quarter. Franchise Capital Ltd lifted its position in shares of Li Auto by 163.2% during the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock valued at $36,504,000 after acquiring an additional 604,773 shares during the period. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd lifted its position in shares of Li Auto by 63.4% during the 4th quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 187,606 shares of the company’s stock valued at $7,022,000 after acquiring an additional 72,798 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of Li Auto during the 4th quarter worth $17,696,000. Finally, Tudor Investment Corp Et Al increased its position in shares of Li Auto by 603.8% in the third quarter. Tudor Investment Corp Et Al now owns 160,099 shares of the company’s stock worth $5,708,000 after purchasing an additional 137,350 shares during the period. Institutional investors own 9.88% of the company’s stock.

Li Auto Company Profile

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.