XPeng Inc. (NYSE:XPEV) Receives Average Recommendation of “Moderate Buy” from Brokerages

XPeng Inc. (NYSE:XPEV) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $11.69.

XPEV has been the topic of several research analyst reports. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a report on Friday, November 22nd. UBS Group reiterated a “sell” rating and issued a $8.80 price target (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Sanford C. Bernstein raised their price objective on XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. Citigroup decreased their target price on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a report on Thursday, November 21st.

XPeng Trading Up 0.6 %

XPEV stock opened at $12.21 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. XPeng has a 1-year low of $6.55 and a 1-year high of $15.68. The business has a 50 day simple moving average of $12.62 and a two-hundred day simple moving average of $10.38. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of -14.03 and a beta of 2.74.

Institutional Investors Weigh In On XPeng

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of XPeng during the 3rd quarter worth about $45,000. Venturi Wealth Management LLC purchased a new position in shares of XPeng during the third quarter valued at approximately $110,000. Susquehanna International Securities Ltd. bought a new position in shares of XPeng during the second quarter valued at approximately $129,000. Atomi Financial Group Inc. bought a new position in shares of XPeng during the third quarter valued at approximately $129,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in XPeng by 24.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock valued at $163,000 after acquiring an additional 2,609 shares during the period. Hedge funds and other institutional investors own 21.09% of the company’s stock.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.