Mizuho Issues Pessimistic Forecast for NIO (NYSE:NIO) Stock Price

NIO (NYSE:NIO) had its target price reduced by research analysts at Mizuho from $5.00 to $4.20 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential downside of 4.33% from the stock’s current price.

Several other research firms have also recently issued reports on NIO. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and decreased their price target for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Finally, HSBC cut NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Two investment analysts have 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.00.

NIO Trading Up 0.2 %

Shares of NYSE:NIO opened at $4.39 on Monday. The company has a 50 day moving average of $4.44 and a 200-day moving average of $4.86. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a market cap of $9.16 billion, a P/E ratio of -2.91 and a beta of 1.81. NIO has a twelve month low of $3.61 and a twelve month high of $7.71.

NIO (NYSE:NIO) last released its 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 analyst estimates of $20.19 billion. During the same period in the previous year, the firm earned ($2.81) earnings per share. NIO’s revenue was up 15.2% on a year-over-year basis. As a group, analysts anticipate that NIO will post -1.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PDS Planning Inc boosted its stake in shares of NIO by 13.0% during the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock valued at $99,000 after buying an additional 2,627 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in NIO by 25.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company’s stock valued at $59,000 after purchasing an additional 2,712 shares during the last quarter. Franklin Resources Inc. grew its stake in NIO by 20.4% in the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company’s stock valued at $72,000 after purchasing an additional 2,788 shares in the last quarter. Perigon Wealth Management LLC increased its position in NIO by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock worth $61,000 after purchasing an additional 2,867 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in shares of NIO by 17.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company’s stock worth $94,000 after purchasing an additional 3,152 shares in the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

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.