Barclays Forecasts Strong Price Appreciation for Li Auto (NASDAQ:LI) Stock

Li Auto (NASDAQ:LI) had its target price lifted by Barclays from $22.00 to $31.00 in a report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also weighed in on LI. JPMorgan Chase & Co. reduced their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Bank of America lifted their price objective on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Citigroup increased their target price on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Finally, Macquarie restated a “neutral” rating and set a $33.00 target price (up from $25.00) on shares of Li Auto in a report on Friday, October 4th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Li Auto presently has a consensus rating of “Moderate Buy” and an average target price of $33.94.

Li Auto Stock Up 3.6 %

Shares of NASDAQ LI opened at $25.61 on Monday. Li Auto has a 12-month low of $17.44 and a 12-month high of $46.44. The firm’s 50-day simple moving average is $24.20 and its 200 day simple moving average is $22.24. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The company has a market cap of $27.17 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.36 and a beta of 0.99.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The business had revenue of $4.36 billion for the quarter. On average, research analysts expect that Li Auto will post 1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Li Auto

A number of large investors have recently made changes to their positions in LI. American Century Companies Inc. raised its position in shares of Li Auto by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after buying an additional 123,838 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Li Auto by 2,556.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after acquiring an additional 3,493,881 shares during the last quarter. Ariose Capital Management Ltd acquired a new position in Li Auto during the third quarter valued at approximately $18,099,000. DekaBank Deutsche Girozentrale lifted its stake in Li Auto by 510.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock worth $2,370,000 after purchasing an additional 63,917 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Li Auto in the 1st quarter valued at $2,003,000. Institutional investors own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.