NIO (NYSE:NIO) Price Target Raised to $21.00 at Deutsche Bank Aktiengesellschaft

NIO (NYSE:NIOGet Rating) had its price objective increased by Deutsche Bank Aktiengesellschaft from $20.00 to $21.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also commented on NIO. Citigroup dropped their price target on shares of NIO from $41.10 to $31.30 and set a buy rating for the company in a research report on Thursday, September 8th. UBS Group lowered shares of NIO from a buy rating to a neutral rating and dropped their price objective for the stock from $32.00 to $13.00 in a research report on Thursday, November 17th. Barclays dropped their price objective on shares of NIO from $19.00 to $18.00 and set an overweight rating for the company in a research report on Thursday, November 17th. Bank of America dropped their price objective on shares of NIO from $16.00 to $15.00 and set a buy rating for the company in a research report on Friday, November 11th. Finally, Mizuho dropped their price objective on shares of NIO from $40.00 to $34.00 and set a buy rating for the company in a research report on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, NIO currently has an average rating of Moderate Buy and an average target price of $24.96.

NIO Stock Performance

Shares of NIO stock opened at $10.56 on Monday. NIO has a one year low of $8.38 and a one year high of $42.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.42 and a current ratio of 1.59. The company has a 50 day moving average price of $12.93 and a 200 day moving average price of $17.08. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of -10.56 and a beta of 1.74.

NIO (NYSE:NIOGet Rating) last issued its quarterly earnings results on Wednesday, September 7th. The company reported ($0.25) EPS for the quarter. NIO had a negative return on equity of 32.66% and a negative net margin of 24.94%. The company had revenue of $10.29 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the company posted ($0.07) EPS. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. Sell-side analysts anticipate that NIO will post -0.81 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NIO. Renaissance Technologies LLC boosted its stake in NIO by 229.0% during the 2nd quarter. Renaissance Technologies LLC now owns 17,768,900 shares of the company’s stock valued at $385,941,000 after acquiring an additional 12,367,300 shares during the last quarter. Baillie Gifford & Co. boosted its stake in NIO by 9.0% during the 2nd quarter. Baillie Gifford & Co. now owns 96,731,139 shares of the company’s stock valued at $2,101,001,000 after acquiring an additional 7,980,518 shares during the last quarter. Aspex Management HK Ltd boosted its stake in NIO by 145.9% during the 3rd quarter. Aspex Management HK Ltd now owns 10,113,800 shares of the company’s stock valued at $159,495,000 after acquiring an additional 6,000,000 shares during the last quarter. CI Investments Inc. lifted its position in shares of NIO by 151,311.5% in the 2nd quarter. CI Investments Inc. now owns 2,919,214 shares of the company’s stock worth $63,405,000 after buying an additional 2,917,286 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of NIO by 73.2% in the 3rd quarter. Barclays PLC now owns 5,915,266 shares of the company’s stock worth $93,283,000 after buying an additional 2,499,047 shares during the last quarter. 31.52% of the stock is currently owned by institutional investors.

About NIO

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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.

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