Brokerages Set NIO Inc. (NYSE:NIO) Price Target at $4.74

NIO Inc. (NYSE:NIO) has earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.7571.

NIO has been the topic of a number of analyst reports. Morgan Stanley reaffirmed a “buy” rating on shares of NIO in a research report on Monday, July 14th. Mizuho lowered their price objective on NIO from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. lifted their price objective on NIO from $4.10 to $4.80 and gave the company a “neutral” rating in a research report on Thursday. Barclays lowered their price objective on NIO from $4.00 to $3.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group raised NIO from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $3.70 to $3.80 in a research report on Tuesday, June 17th.

NIO Trading Up 7.9%

NIO stock opened at $4.80 on Wednesday. The business has a 50-day simple moving average of $4.08 and a two-hundred day simple moving average of $4.08. The company has a market cap of $10.02 billion, a P/E ratio of -2.96 and a beta of 1.42. NIO has a 52-week low of $3.02 and a 52-week high of $7.71. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89.

NIO (NYSE:NIO) last released its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.23). NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $12.46 billion. During the same quarter in the prior year, the firm earned ($2.39) earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Analysts predict that NIO will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NIO. Xponance Inc. purchased a new stake in shares of NIO during the 1st quarter worth approximately $39,000. Blueshift Asset Management LLC purchased a new stake in shares of NIO during the 1st quarter worth approximately $43,000. Annex Advisory Services LLC purchased a new stake in shares of NIO during the 1st quarter worth approximately $47,000. Hedeker Wealth LLC purchased a new stake in shares of NIO during the 2nd quarter worth approximately $43,000. Finally, May Hill Capital LLC purchased a new stake in shares of NIO during the 1st quarter worth approximately $48,000. 48.55% of the stock is owned by hedge funds and other 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.