XPeng Inc. (NYSE:XPEV) Receives $22.20 Average PT from Analysts

Shares of XPeng Inc. (NYSE:XPEV) have been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $22.20.

Several equities analysts recently issued reports on XPEV shares. Nomura Securities raised shares of XPeng to a “strong-buy” rating in a report on Tuesday, March 18th. Daiwa America downgraded XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th. Bank of America upped their price objective on XPeng from $18.60 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Nomura upgraded XPeng from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.00 to $30.00 in a research note on Wednesday, March 19th. Finally, Sanford C. Bernstein set a $18.00 price target on shares of XPeng and gave the company a “market perform” rating in a research report on Wednesday, March 19th.

Institutional Trading of XPeng

Several large investors have recently bought and sold shares of XPEV. EverSource Wealth Advisors LLC increased its holdings in shares of XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock valued at $30,000 after purchasing an additional 898 shares during the period. Avior Wealth Management LLC increased its holdings in shares of XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after purchasing an additional 2,564 shares in the last quarter. Lindbrook Capital LLC increased its holdings in XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after buying an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of XPeng in the fourth quarter worth about $41,000. Finally, Natixis purchased a new stake in shares of XPeng during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.

XPeng Price Performance

XPEV opened at $20.79 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $19.18 and its 200-day simple moving average is $14.60. The company has a market capitalization of $19.58 billion, a price-to-earnings ratio of -23.89 and a beta of 2.68. XPeng has a 12-month low of $6.55 and a 12-month high of $27.16.

XPeng (NYSE:XPEV) last issued its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $16.11 billion. On average, equities research analysts anticipate that XPeng will post -0.96 earnings per share for the current fiscal year.

XPeng Company Profile

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.