XPeng Inc. (NYSE:XPEV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

Several brokerages have commented on XPEV. Bank of America cut their price target on shares of XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised shares of XPeng from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $8.00 to $11.50 in a research report on Thursday, September 5th. The Goldman Sachs Group cut shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research report on Thursday, November 21st. Finally, Citigroup cut their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research report on Wednesday, November 20th.

XPeng Trading Up 4.6 %

Shares of NYSE:XPEV opened at $11.91 on Friday. The company’s 50-day moving average price is $12.02 and its two-hundred day moving average price is $9.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. XPeng has a one year low of $6.55 and a one year high of $18.00. The stock has a market capitalization of $11.22 billion, a PE ratio of -13.69 and a beta of 2.80.

Institutional Investors Weigh In On XPeng

Institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. raised its holdings in XPeng by 83.0% in the 1st quarter. Sei Investments Co. now owns 129,400 shares of the company’s stock valued at $994,000 after acquiring an additional 58,700 shares during the period. Natixis bought a new position in XPeng in the 1st quarter valued at about $38,000. Tidal Investments LLC raised its holdings in XPeng by 25.2% in the 1st quarter. Tidal Investments LLC now owns 93,420 shares of the company’s stock valued at $717,000 after acquiring an additional 18,826 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in XPeng by 100.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,100,000 shares of the company’s stock valued at $8,864,000 after acquiring an additional 550,000 shares during the period. Finally, 180 Wealth Advisors LLC bought a new position in XPeng in the 2nd quarter valued at about $78,000. 23.05% of the stock is owned by institutional investors.

About XPeng

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.