Nomura Upgrades XPeng (NYSE:XPEV) to Buy

Nomura upgraded shares of XPeng (NYSE:XPEV) from a neutral rating to a buy rating in a research report sent to investors on Wednesday, Marketbeat reports. The brokerage currently has $30.00 target price on the stock, up from their prior target price of $14.00.

Other analysts have also issued research reports about the stock. Sanford C. Bernstein increased their price objective 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. Macquarie reaffirmed a “neutral” rating and set a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. Citigroup raised XPeng from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $13.70 to $29.00 in a report on Monday, March 10th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a research note on Friday, November 22nd. Finally, UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and lifted their price target for the company from $8.80 to $18.00 in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.84.

XPeng Stock Down 1.2 %

XPeng stock opened at $21.81 on Wednesday. The business’s 50-day simple moving average is $18.29 and its two-hundred day simple moving average is $14.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The company has a market cap of $20.54 billion, a PE ratio of -25.06 and a beta of 2.68. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $27.16.

XPeng (NYSE:XPEV) last issued its earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($1.36) by $1.17. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. Equities analysts anticipate that XPeng will post -0.96 EPS for the current year.

Institutional Trading of XPeng

Several institutional investors have recently modified their holdings of XPEV. PNC Financial Services Group Inc. raised its position in shares of XPeng by 5.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock worth $154,000 after purchasing an additional 716 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after buying an additional 898 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of XPeng by 3.9% during the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company’s stock valued at $286,000 after acquiring an additional 913 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of XPeng by 7.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock valued at $170,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after acquiring an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

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.