Nio Inc – (NYSE:NIO) Receives Consensus Rating of “Hold” from Analysts

Shares of Nio Inc – (NYSE:NIO) have been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.93.

NIO has been the topic of several research analyst reports. Citigroup lowered their price objective on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Bank of America raised their price target on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Wolfe Research initiated coverage on shares of NIO in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and increased their target price for the company from $5.30 to $8.00 in a research note on Friday, September 6th. Finally, Daiwa America upgraded NIO to a “strong-buy” rating in a research note on Monday, September 30th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. boosted its stake in shares of NIO by 164.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company’s stock valued at $26,891,000 after purchasing an additional 4,018,659 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in NIO by 28.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company’s stock valued at $10,950,000 after buying an additional 535,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in 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 worth $10,430,000 after buying an additional 439,474 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of NIO by 64.6% during the first quarter. SG Americas Securities LLC now owns 1,895,544 shares of the company’s stock worth $8,530,000 after buying an additional 744,067 shares in the last quarter. Finally, AMF Tjanstepension AB increased its holdings in shares of NIO by 132.4% during the first quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company’s stock worth $7,030,000 after buying an additional 889,900 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Stock Performance

Shares of NIO opened at $5.52 on Thursday. The company has a market capitalization of $9.48 billion, a PE ratio of -3.26 and a beta of 1.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.01. NIO has a one year low of $3.61 and a one year high of $9.57. The company’s fifty day moving average price is $5.07 and its 200 day moving average price is $4.80.

NIO (NYSE:NIO) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting the consensus estimate of ($2.21). The business had revenue of $17.45 billion during the quarter, compared to analysts’ expectations of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The firm’s revenue was up 98.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.51) EPS. As a group, analysts expect that NIO will post -1.37 earnings per share for the current year.

About NIO

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.