Li Auto Inc. (NASDAQ:LI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Li Auto Inc. (NASDAQ:LI) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $45.36.

LI has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research note on Friday, March 22nd. The Goldman Sachs Group initiated coverage on shares of Li Auto in a research note on Wednesday, January 3rd. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a “hold” rating to a “buy” rating and lowered their price target for the stock from $45.00 to $41.00 in a research note on Tuesday, February 6th. Macquarie initiated coverage on shares of Li Auto in a research note on Monday, April 15th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, Bank of America lowered their price objective on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 18th.

Institutional Investors Weigh In On Li Auto

Several hedge funds have recently modified their holdings of LI. Scarborough Advisors LLC acquired a new stake in shares of Li Auto during the 4th quarter worth about $41,000. Concourse Financial Group Securities Inc. boosted its stake in shares of Li Auto by 186.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after purchasing an additional 930 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Li Auto during the 4th quarter worth about $57,000. CWM LLC boosted its stake in shares of Li Auto by 59.5% during the 3rd quarter. CWM LLC now owns 1,812 shares of the company’s stock worth $65,000 after purchasing an additional 676 shares during the last quarter. Finally, Ronald Blue Trust Inc. boosted its stake in shares of Li Auto by 40.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,046 shares of the company’s stock worth $72,000 after purchasing an additional 594 shares during the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Stock Down 1.7 %

Shares of Li Auto stock opened at $23.47 on Friday. The company has a market cap of $24.90 billion, a P/E ratio of 15.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.48 and a current ratio of 1.57. Li Auto has a one year low of $22.23 and a one year high of $47.33. The firm has a fifty day moving average of $33.08 and a two-hundred day moving average of $33.80.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.49 EPS for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. The company had revenue of $5.88 billion during the quarter. On average, analysts forecast that Li Auto will post 1.97 earnings per share for the current year.

About Li Auto

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