Li Auto Inc. (NASDAQ:LI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Li Auto Inc. (NASDAQ:LI) 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.

Institutional Trading of Li Auto

A number of institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its holdings in Li Auto by 4.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 37,479 shares of the company’s stock worth $1,403,000 after purchasing an additional 1,679 shares in the last quarter. Franchise Capital Ltd lifted its holdings in shares of Li Auto by 163.2% in the fourth quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock valued at $36,504,000 after buying an additional 604,773 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Li Auto by 510.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock valued at $2,370,000 after buying an additional 63,917 shares during the period. OLD Mission Capital LLC bought a new position in Li Auto during the fourth quarter valued at about $17,696,000. Finally, Swedbank AB acquired a new position in Li Auto during the first quarter worth about $2,003,000. 9.88% of the stock is owned by institutional investors and hedge funds.

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.