XPeng (NYSE:XPEV) PT Lowered to $10.00

XPeng (NYSE:XPEV) had its price target reduced by stock analysts at Bank of America from $11.00 to $10.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 44.30% from the company’s previous close.

XPEV has been the subject of several other reports. Daiwa America upgraded XPeng to a “strong-buy” rating in a report on Thursday, May 23rd. Daiwa Capital Markets raised XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Thursday, May 23rd. Finally, Citigroup upgraded XPeng from a “sell” rating to a “neutral” rating and lifted their price target for the company from $7.70 to $8.30 in a report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.10.

XPeng Stock Up 2.4 %

Shares of XPEV traded up $0.16 during trading hours on Wednesday, reaching $6.93. The company’s stock had a trading volume of 3,399,715 shares, compared to its average volume of 12,907,991. The company has a 50 day moving average of $7.74 and a two-hundred day moving average of $8.20. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of -4.67 and a beta of 2.76. XPeng has a 1-year low of $6.55 and a 1-year high of $19.96.

XPeng (NYSE:XPEV) last released its quarterly earnings data on Tuesday, May 21st. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $906.90 million during the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. As a group, research analysts predict that XPeng will post -0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On XPeng

A number of large investors have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC bought a new stake in XPeng during the fourth quarter valued at about $52,000. Natixis bought a new position in shares of XPeng in the first quarter worth about $38,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of XPeng by 122.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock worth $39,000 after purchasing an additional 2,920 shares during the last quarter. Blue Trust Inc. boosted its stake in XPeng by 2,615.9% during the 2nd quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock valued at $75,000 after purchasing an additional 9,391 shares during the period. Finally, Caas Capital Management LP acquired a new stake in XPeng in the 4th quarter valued at approximately $153,000. Institutional investors own 23.05% of the company’s stock.

About XPeng

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.