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

Li Auto Inc. (NASDAQ:LI) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.66.

LI has been the topic of a number of analyst reports. Citigroup raised their price target on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a report on Monday, September 30th. JPMorgan Chase & Co. lowered their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Macquarie reiterated a “neutral” rating and set a $33.00 price target (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Finally, Bank of America lifted their target price on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 29th.

Li Auto Stock Down 5.2 %

Shares of NASDAQ:LI opened at $23.75 on Friday. The company has a market capitalization of $25.20 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98. Li Auto has a 1 year low of $17.44 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63. The business has a fifty day moving average price of $22.42 and a two-hundred day moving average price of $22.61.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. Analysts forecast that Li Auto will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Li Auto

A number of large investors have recently added to or reduced their stakes in LI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Li Auto in the 2nd quarter worth approximately $21,626,000. SIH Partners LLLP lifted its stake in Li Auto by 508.2% in the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock worth $26,976,000 after acquiring an additional 744,419 shares during the period. American Century Companies Inc. boosted its holdings in Li Auto by 20.5% in the second quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after acquiring an additional 123,838 shares in the last quarter. FIFTHDELTA Ltd purchased a new position in Li Auto during the 1st quarter valued at $14,816,000. Finally, Capital International Investors lifted its position in shares of Li Auto by 1.1% in the 1st quarter. Capital International Investors now owns 389,400 shares of the company’s stock worth $11,791,000 after purchasing an additional 4,422 shares during the period. Institutional investors own 9.88% of the company’s stock.

Li Auto Company Profile

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.