Nio Inc – (NYSE:NIO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Nio Inc – (NYSE:NIO) have been assigned an average rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.03.

NIO has been the topic of a number of recent analyst reports. HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Hsbc Global Res downgraded shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $4.80 to $3.90 in a report on Monday, November 25th.

NIO Stock Up 3.3 %

NIO stock opened at $4.89 on Friday. The firm’s fifty day simple moving average is $4.38 and its 200-day simple moving average is $4.83. The company has a market capitalization of $10.20 billion, a P/E ratio of -3.24 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. NIO has a 12 month low of $3.61 and a 12 month high of $7.71.

Hedge Funds Weigh In On NIO

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after buying an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of NIO by 131.8% in the fourth 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 last quarter. Callan Family Office LLC acquired a new stake in shares of NIO in the fourth quarter valued at about $44,000. Sava Infond d.o.o. acquired a new stake in shares of NIO in the fourth quarter valued at about $44,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of NIO in the fourth quarter valued at about $45,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

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.