Analysts Set Nio Inc – (NYSE:NIO) Price Target at $5.17

Shares of Nio Inc – (NYSE:NIO) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $5.05.

Several equities research analysts recently issued reports on NIO shares. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Cfra Research raised shares of NIO to a “hold” rating in a research note on Friday, March 21st. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Mizuho cut their price target on NIO from $4.20 to $3.50 and set a “neutral” rating for the company in a research note on Thursday. Finally, Citigroup decreased their price target on NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th.

Institutional Investors Weigh In On NIO

A number of hedge funds have recently made changes to their positions in the company. Trexquant Investment LP bought a new position in NIO during the fourth quarter valued at $3,305,000. SG Americas Securities LLC raised its position in shares of NIO by 104.8% during the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after buying an additional 589,082 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of NIO in the 4th quarter valued at about $1,776,000. XY Capital Ltd purchased a new position in NIO in the fourth quarter worth about $1,544,000. Finally, AI Squared Management Ltd bought a new stake in NIO during the fourth quarter worth approximately $1,491,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Trading Up 6.6 %

Shares of NIO stock opened at $3.50 on Thursday. 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 stock has a market capitalization of $7.30 billion, a PE ratio of -2.32 and a beta of 1.74. NIO has a 1-year low of $3.02 and a 1-year high of $7.71. The company’s fifty day simple moving average is $4.23 and its 200-day simple moving average is $4.67.

NIO (NYSE:NIO) last released its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $20.19 billion. During the same quarter last year, the firm posted ($2.81) earnings per share. NIO’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts anticipate that NIO will post -1.43 earnings per share for the current year.

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.