Mizuho Cuts NIO (NYSE:NIO) Price Target to $4.20

NIO (NYSE:NIO) had its price target reduced by stock analysts at Mizuho from $5.00 to $4.20 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price suggests a potential downside of 4.33% from the stock’s current price.

A number of other analysts have also recently weighed in on NIO. The Goldman Sachs Group cut shares of NIO from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, HSBC lowered NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

NIO Trading Up 0.2 %

NIO stock opened at $4.39 on Monday. NIO has a one year low of $3.61 and a one year high of $7.71. The company’s fifty day moving average price is $4.44 and its two-hundred day moving average price is $4.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of -2.91 and a beta of 1.81.

NIO (NYSE:NIO) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the prior year, the company posted ($2.81) EPS. The business’s revenue was up 15.2% on a year-over-year basis. On average, analysts forecast that NIO will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after acquiring an additional 3,607 shares during the period. Jones Financial Companies Lllp grew its position in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after acquiring an additional 4,332 shares during the period. Callan Family Office LLC acquired a new position in NIO in the fourth quarter valued at about $44,000. Sava Infond d.o.o. acquired a new position in NIO in the fourth quarter valued at about $44,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of NIO during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds 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.