Citigroup Has Lowered Expectations for NIO (NYSE:NIO) Stock Price

NIO (NYSE:NIO) had its price objective decreased by investment analysts at Citigroup from $8.90 to $8.10 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 84.51% from the stock’s current price.

Several other analysts have also recently weighed in on NIO. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $4.80 to $3.90 in a report on Monday, November 25th. HSBC cut NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Mizuho lowered their price target on NIO from $5.00 to $4.20 and set a “neutral” rating on the stock in a research report on Monday. Finally, Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NIO presently has an average rating of “Hold” and an average target price of $5.00.

NIO Stock Up 0.2 %

NIO stock opened at $4.39 on Monday. The stock has a 50-day simple moving average of $4.44 and a two-hundred day simple moving average of $4.86. NIO has a twelve month low of $3.61 and a twelve month high of $7.71. The firm has a market capitalization of $9.16 billion, a PE ratio of -2.91 and a beta of 1.81. 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 (NYSE:NIO) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same period in the prior year, the firm posted ($2.81) EPS. NIO’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts predict that NIO will post -1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On NIO

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in shares of NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after purchasing an additional 3,607 shares during the period. Jones Financial Companies Lllp boosted its position in NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after buying an additional 4,332 shares during the period. Callan Family Office LLC purchased a new stake in NIO during the 4th quarter valued at $44,000. Sava Infond d.o.o. purchased a new position in shares of NIO in the fourth quarter valued at about $44,000. Finally, Trilogy Capital Inc. purchased a new position in shares of NIO in the fourth quarter valued at about $45,000. 48.55% of the stock is currently owned by institutional investors.

NIO Company Profile

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.