XPeng Inc. (NYSE:XPEV) Receives Consensus Recommendation of “Hold” from Analysts

XPeng Inc. (NYSE:XPEV) has received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.28.

XPEV has been the topic of a number of research analyst reports. Daiwa Capital Markets upgraded XPeng from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, May 23rd. Daiwa America upgraded XPeng to a “strong-buy” rating in a report on Thursday, May 23rd. Citigroup raised shares of XPeng from a “sell” rating to a “neutral” rating and increased their target price for the stock from $7.70 to $8.30 in a research report on Tuesday, June 25th. Finally, Macquarie assumed coverage on shares of XPeng in a research report on Monday, April 15th. They set a “neutral” rating and a $7.00 price target on the stock.

Institutional Trading of XPeng

Several large investors have recently modified their holdings of XPEV. Compagnie Lombard Odier SCmA boosted its holdings in XPeng by 322.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,450 shares during the last quarter. Natixis purchased a new position in shares of XPeng during the 1st quarter valued at approximately $38,000. Scarborough Advisors LLC acquired a new stake in shares of XPeng during the fourth quarter worth approximately $52,000. Rakuten Securities Inc. bought a new stake in shares of XPeng in the fourth quarter worth $59,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in XPeng in the fourth quarter valued at $102,000. 23.05% of the stock is currently owned by institutional investors and hedge funds.

XPeng Trading Up 9.2 %

Shares of XPEV stock opened at $8.34 on Thursday. The firm’s 50-day simple moving average is $8.05 and its 200-day simple moving average is $9.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.32. XPeng has a 1-year low of $6.55 and a 1-year high of $23.62. The firm has a market cap of $7.85 billion, a P/E ratio of -5.63 and a beta of 2.76.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $906.90 million for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. As a group, equities analysts forecast that XPeng will post -0.96 EPS for the current year.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.