Nio Inc – (NYSE:NIO) Receives $5.71 Average Price Target from Brokerages

Shares of Nio Inc – (NYSE:NIO) have received a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $5.71.

A number of research analysts have recently commented on the company. Daiwa America upgraded NIO to a “strong-buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $5.30 to $8.00 in a report on Friday, September 6th. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. Wolfe Research initiated coverage on shares of NIO in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Citigroup cut their price objective on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th.

NIO Stock Performance

NYSE:NIO opened at $4.61 on Friday. The company has a 50-day moving average price of $5.28 and a 200-day moving average price of $4.84. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of -3.05 and a beta of 1.77. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. NIO has a 12 month low of $3.61 and a 12 month high of $9.57.

NIO (NYSE:NIO) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, hitting the consensus estimate of ($2.21). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same period last year, the business posted ($0.51) earnings per share. NIO’s quarterly revenue was up 98.9% compared to the same quarter last year. Equities analysts predict that NIO will post -1.39 EPS for the current year.

Institutional Investors Weigh In On NIO

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in NIO in the 3rd quarter valued at approximately $32,000. Ridgewood Investments LLC bought a new position in shares of NIO during the second quarter valued at $25,000. First Trust Direct Indexing L.P. purchased a new stake in shares of NIO during the third quarter valued at $76,000. Apollon Wealth Management LLC bought a new stake in NIO in the 3rd quarter worth about $78,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in NIO in the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

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.