Li Auto Inc. (NASDAQ:LI – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $36.36.
LI has been the topic of several analyst reports. Barclays dropped their target price on Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 21st. Morgan Stanley dropped their price objective on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. Citigroup lowered shares of Li Auto from a “buy” rating to a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Finally, Bank of America boosted their price objective on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th.
Read Our Latest Research Report on LI
Institutional Trading of Li Auto
Li Auto Stock Down 1.2 %
Shares of Li Auto stock opened at $18.77 on Thursday. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.77 and a beta of 0.97. Li Auto has a twelve month low of $17.44 and a twelve month high of $46.44. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $19.83 and its 200-day simple moving average is $25.12.
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.
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