XPeng Inc. (NYSE:XPEV) Receives $12.05 Consensus Price Target from Brokerages

Shares of XPeng Inc. (NYSE:XPEV) have earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $12.05.

A number of analysts have commented on the stock. Macquarie raised shares of XPeng from a “neutral” rating to an “outperform” rating in a report on Friday, August 30th. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a report on Thursday, November 21st. Citigroup lowered their target price on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised shares of XPeng from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $8.00 to $11.50 in a report on Thursday, September 5th.

XPeng Price Performance

XPEV opened at $11.91 on Friday. The company has a fifty day moving average price of $12.02 and a two-hundred day moving average price of $9.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng has a 52 week low of $6.55 and a 52 week high of $18.00. The firm has a market capitalization of $11.22 billion, a PE ratio of -13.69 and a beta of 2.80.

Hedge Funds Weigh In On XPeng

Several institutional investors and hedge funds have recently made changes to their positions in XPEV. Greenleaf Trust boosted its stake in XPeng by 16.2% in the 3rd quarter. Greenleaf Trust now owns 16,068 shares of the company’s stock worth $196,000 after purchasing an additional 2,243 shares during the period. Sequoia Financial Advisors LLC boosted its stake in XPeng by 24.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock worth $163,000 after purchasing an additional 2,609 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in XPeng by 122.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock worth $39,000 after purchasing an additional 2,920 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in XPeng in the 3rd quarter worth $45,000. Finally, Signaturefd LLC boosted its stake in XPeng by 19.4% in the 2nd quarter. Signaturefd LLC now owns 24,647 shares of the company’s stock worth $181,000 after purchasing an additional 4,002 shares during the period. Institutional investors and hedge funds own 23.05% of the company’s stock.

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.