Nio Inc – (NYSE:NIO) Receives $5.38 Average Target Price from Brokerages

Nio Inc – (NYSE:NIO) has been assigned an average rating of “Hold” from the fourteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $5.38.

A number of analysts have recently weighed in on the stock. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group cut shares of NIO from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $4.80 to $3.90 in a research note on Monday, November 25th.

NIO Stock Performance

NIO stock opened at $4.45 on Wednesday. The firm has a 50 day moving average of $4.35 and a two-hundred day moving average of $4.75. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. NIO has a 12 month low of $3.61 and a 12 month high of $7.71. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of -2.94 and a beta of 1.68.

Institutional Investors Weigh In On NIO

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ballentine Partners LLC increased its holdings in NIO by 11.5% in the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock valued at $160,000 after buying an additional 2,482 shares during the period. PDS Planning Inc increased its holdings in NIO by 13.0% in the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock valued at $99,000 after buying an additional 2,627 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in NIO by 25.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company’s stock valued at $59,000 after buying an additional 2,712 shares during the period. Franklin Resources Inc. increased its holdings in NIO by 20.4% in the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company’s stock valued at $72,000 after buying an additional 2,788 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in NIO by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock valued at $61,000 after buying an additional 2,867 shares during the period. Institutional investors own 48.55% of the company’s stock.

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.