Nio Inc – (NYSE:NIO) Receives $7.55 Consensus PT from Brokerages

Nio Inc – (NYSE:NIO) has received an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $7.55.

A number of equities research analysts recently issued reports on NIO shares. Bank of America increased their price objective on NIO from $5.90 to $6.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. Mizuho reiterated a “neutral” rating and issued a $5.50 price objective on shares of NIO in a research report on Monday, March 25th. UBS Group lowered their price objective on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. JPMorgan Chase & Co. upgraded NIO from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $4.80 to $5.40 in a research report on Wednesday, May 15th. Finally, Sanford C. Bernstein lowered their price objective on NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, March 7th.

Institutional Investors Weigh In On NIO

A number of large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in shares of NIO by 238.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock valued at $64,070,000 after buying an additional 4,976,403 shares during the last quarter. Electron Capital Partners LLC bought a new position in shares of NIO during the third quarter valued at about $37,918,000. Quadrature Capital Ltd bought a new position in shares of NIO during the fourth quarter valued at about $12,361,000. Swedbank AB bought a new position in shares of NIO during the first quarter valued at about $5,343,000. Finally, Norges Bank bought a new position in shares of NIO during the fourth quarter valued at about $9,652,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Trading Down 2.3 %

NYSE:NIO opened at $4.33 on Friday. The company has a market cap of $7.44 billion, a P/E ratio of -2.56 and a beta of 1.80. The stock’s fifty day moving average price is $4.80 and its two-hundred day moving average price is $5.82. NIO has a 1 year low of $3.61 and a 1 year high of $16.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 1.03.

NIO (NYSE:NIO) last posted its earnings results on Thursday, June 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.05). The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.48 billion. NIO had a negative return on equity of 111.91% and a negative net margin of 39.38%. As a group, analysts expect that NIO will post -1.39 EPS for the current year.

About NIO

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.