Brokerages Set Li Auto Inc. (NASDAQ:LI) Price Target at $32.66

Shares of Li Auto Inc. (NASDAQ:LI) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $32.66.

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Bank of America lifted their target price on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Citigroup lifted their target price on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research report on Monday, September 30th. Finally, Macquarie reaffirmed a “neutral” rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th.

Li Auto Trading Up 1.2 %

NASDAQ LI opened at $27.40 on Friday. The company has a market cap of $29.07 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 2.54 and a beta of 0.98. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The business has a 50 day moving average price of $22.95 and a 200-day moving average price of $22.44. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. The firm had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. As a group, equities analysts expect that Li Auto will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after acquiring an additional 573 shares during the period. SG Americas Securities LLC grew its stake in shares of Li Auto by 7.0% during the 1st quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock worth $316,000 after acquiring an additional 685 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in shares of Li Auto by 2.6% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company’s stock worth $554,000 after acquiring an additional 800 shares during the period. US Bancorp DE grew its stake in shares of Li Auto by 5.2% during the 1st quarter. US Bancorp DE now owns 19,784 shares of the company’s stock worth $599,000 after acquiring an additional 970 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Li Auto by 55.9% during the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock worth $78,000 after acquiring an additional 1,091 shares during the period. Institutional investors own 9.88% of the company’s stock.

About Li Auto

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.