Li Auto (NASDAQ:LI) Given New $53.00 Price Target at Morgan Stanley

Li Auto (NASDAQ:LI) had its price objective lowered by Morgan Stanley from $65.00 to $53.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also issued reports on LI. Deutsche Bank Aktiengesellschaft raised Li Auto from a hold rating to a buy rating and lowered their target price for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. Macquarie assumed coverage on Li Auto in a report on Monday, April 15th. They issued an outperform rating and a $40.00 target price on the stock. Bank of America reduced their price objective on Li Auto from $41.00 to $36.00 and set a buy rating for the company in a research report on Tuesday. Citigroup reduced their price objective on Li Auto from $57.30 to $48.50 and set a buy rating for the company in a research report on Friday, March 22nd. Finally, Barclays reduced their price objective on Li Auto from $25.00 to $22.00 and set an equal weight rating for the company in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $40.50.

Li Auto Stock Performance

LI opened at $20.31 on Tuesday. The firm has a market capitalization of $21.55 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The stock’s 50 day moving average price is $27.83 and its two-hundred day moving average price is $32.48. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Li Auto has a 12-month low of $19.38 and a 12-month high of $47.33.

Li Auto (NASDAQ:LI) last released its earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $5.88 billion for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. On average, equities analysts forecast that Li Auto will post 1.43 earnings per share for the current year.

Hedge Funds Weigh In On Li Auto

Hedge funds and other institutional investors have recently modified their holdings of the stock. Scarborough Advisors LLC bought a new position in Li Auto in the 4th quarter valued at $41,000. Rakuten Securities Inc. bought a new position in Li Auto in the 4th quarter valued at $57,000. Barometer Capital Management Inc. bought a new position in Li Auto in the 4th quarter valued at $135,000. Employees Retirement System of Texas bought a new position in Li Auto in the 3rd quarter valued at $130,000. Finally, Ballentine Partners LLC bought a new position in Li Auto in the 4th quarter valued at $223,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Company Profile

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.