Li Auto Inc. (NASDAQ:LI) Receives $36.59 Average Target Price from Brokerages

Li Auto Inc. (NASDAQ:LI) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.73.

Several equities analysts have weighed in on the company. HSBC set a $38.50 price objective on Li Auto and gave the company a “buy” rating in a report on Thursday, March 6th. Macquarie cut Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Monday. Finally, JPMorgan Chase & Co. raised Li Auto from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $22.00 to $40.00 in a report on Friday, February 28th.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently made changes to their positions in LI. BNP Paribas boosted its position in shares of Li Auto by 300.0% during the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after purchasing an additional 1,500 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Li Auto by 708.5% during the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock valued at $61,000 after purchasing an additional 2,090 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after purchasing an additional 500 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Li Auto by 66.2% during the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company’s stock valued at $130,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Li Auto during the 4th quarter valued at about $129,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of NASDAQ LI opened at $27.52 on Monday. The stock has a market capitalization of $29.20 billion, a PE ratio of 20.39, a P/E/G ratio of 3.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The business has a fifty day moving average price of $25.76 and a two-hundred day moving average price of $24.53. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $34.10.

Li Auto Company Profile

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.