XPeng Inc. (NYSE:XPEV) Receives $11.69 Average Price Target from Analysts

Shares of XPeng Inc. (NYSE:XPEV) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.69.

A number of brokerages recently weighed in on XPEV. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research note on Friday, November 22nd. Citigroup decreased their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research note on Thursday, November 21st. UBS Group reaffirmed a “sell” rating and issued a $8.80 price target (up from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein raised their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th.

Institutional Trading of XPeng

Several institutional investors have recently made changes to their positions in the company. TMT General Partner Ltd purchased a new stake in shares of XPeng during the 4th quarter valued at approximately $205,501,000. Primecap Management Co. CA raised its position in shares of XPeng by 5.6% during the 2nd quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock valued at $120,369,000 after buying an additional 872,160 shares during the period. Bank of Montreal Can raised its position in shares of XPeng by 212.1% during the 2nd quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock valued at $31,910,000 after buying an additional 2,724,549 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of XPeng during the 3rd quarter valued at approximately $22,047,000. Finally, Point72 Europe London LLP purchased a new stake in shares of XPeng during the 2nd quarter valued at approximately $5,923,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.

XPeng Price Performance

NYSE:XPEV opened at $14.15 on Monday. The stock has a market capitalization of $13.32 billion, a PE ratio of -16.26 and a beta of 2.74. XPeng has a 52 week low of $6.55 and a 52 week high of $15.68. The stock’s 50-day moving average price is $12.61 and its 200-day moving average price is $10.49. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.