Nio Inc – (NYSE:NIO) Receives $8.48 Consensus Price Target from Analysts

Shares of Nio Inc – (NYSE:NIO) have earned a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $8.48.

A number of equities research analysts have recently issued reports on NIO shares. Sanford C. Bernstein cut their price objective on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research note on Thursday, March 7th. JPMorgan Chase & Co. raised NIO from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $4.80 to $5.40 in a research note on Wednesday, May 15th. Bank of America lowered their target price on NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Macquarie assumed coverage on NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 price target on the stock. Finally, Mizuho reiterated a “neutral” rating and issued a $5.50 price objective on shares of NIO in a research report on Monday, March 25th.

NIO Stock Up 0.6 %

NIO opened at $4.83 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $4.78 and its 200 day simple moving average is $6.16. NIO has a 52 week low of $3.61 and a 52 week high of $16.18. The stock has a market cap of $8.30 billion, a PE ratio of -2.76 and a beta of 1.92.

NIO (NYSE:NIO) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. NIO’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.51) earnings per share. As a group, research analysts expect that NIO will post -1.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bfsg LLC bought a new position in shares of NIO during the fourth quarter valued at approximately $33,000. Rakuten Securities Inc. purchased a new position in shares of NIO in the 4th quarter worth about $38,000. Principal Securities Inc. purchased a new position in shares of NIO in the 4th quarter worth about $42,000. Newbridge Financial Services Group Inc. boosted its stake in NIO by 272.3% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock worth $42,000 after purchasing an additional 6,875 shares in the last quarter. Finally, Calton & Associates Inc. purchased a new stake in NIO during the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

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.