Li Auto (NASDAQ:LI) Now Covered by Macquarie

Macquarie started coverage on shares of Li Auto (NASDAQ:LI) in a research report issued on Monday, Marketbeat reports. The brokerage set an “outperform” rating and a $40.00 price target on the stock. Macquarie’s target price indicates a potential upside of 40.80% from the stock’s current price.

Several other research analysts have also commented on LI. Morgan Stanley dropped their price target on Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. The Goldman Sachs Group started coverage on Li Auto in a research report on Wednesday, January 3rd. They issued a “buy” rating for the company. Barclays dropped their price target on Li Auto from $56.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and dropped their price target for the stock from $45.00 to $41.00 in a research report on Tuesday, February 6th. Finally, Bank of America dropped their target price on Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $47.36.

Li Auto Trading Down 0.7 %

Shares of LI stock opened at $28.41 on Monday. Li Auto has a 12-month low of $21.48 and a 12-month high of $47.33. The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $33.71 and its 200-day moving average price is $34.23. The stock has a market capitalization of $30.14 billion, a price-to-earnings ratio of 18.33 and a beta of 1.05.

Li Auto (NASDAQ:LI) last issued its earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $5.88 billion for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. Equities research analysts predict that Li Auto will post 1.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its holdings in shares of Li Auto by 584.1% in the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after purchasing an additional 917 shares during the period. IFP Advisors Inc boosted its holdings in shares of Li Auto by 233.3% in the second quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 700 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Li Auto in the fourth quarter valued at approximately $41,000. Concourse Financial Group Securities Inc. boosted its holdings in shares of Li Auto by 186.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock valued at $51,000 after purchasing an additional 930 shares during the period. Finally, Rakuten Securities Inc. purchased a new stake in shares of Li Auto in the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.