Li Auto (NASDAQ:LI) Price Target Cut to $36.00 by Analysts at Bank of America

Li Auto (NASDAQ:LIFree Report) had its price target decreased by Bank of America from $41.00 to $36.00 in a research note issued to investors on Tuesday, Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other research analysts have also commented on LI. Barclays lowered Li Auto from an overweight rating to an equal weight rating and lowered their price target for the stock from $39.00 to $25.00 in a research report on Thursday, April 25th. Morgan Stanley lowered their price target on Li Auto from $74.00 to $65.00 and set an overweight rating for the company in a research report on Monday, March 25th. Citigroup lowered their price target 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. Macquarie began coverage on Li Auto in a report on Monday, April 15th. They issued an outperform rating and a $40.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded Li Auto from a hold rating to a buy rating and decreased their target price for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $40.50.

Read Our Latest Research Report on LI

Li Auto Price Performance

LI stock opened at $20.96 on Tuesday. The business has a fifty day moving average of $28.87 and a two-hundred day moving average of $32.79. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $22.24 billion, a price-to-earnings ratio of 13.52 and a beta of 1.10. Li Auto has a 52-week low of $20.60 and a 52-week high of $47.33.

Li Auto (NASDAQ:LIGet Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. The company had revenue of $5.88 billion during the quarter. As a group, research analysts anticipate that Li Auto will post 1.5 earnings per share for the current year.

Institutional Trading of Li Auto

Hedge funds and other institutional investors have recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new stake in shares of Li Auto during the fourth quarter worth about $41,000. Rakuten Securities Inc. acquired a new position in Li Auto in the 4th quarter valued at about $57,000. Barometer Capital Management Inc. acquired a new position in Li Auto in the 4th quarter valued at about $135,000. Employees Retirement System of Texas acquired a new position in Li Auto in the 3rd quarter valued at about $130,000. Finally, Ballentine Partners LLC acquired a new position in Li Auto in the 4th quarter valued at about $223,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Company Profile

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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.

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Analyst Recommendations for Li Auto (NASDAQ:LI)

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