Barclays Forecasts Strong Price Appreciation for Li Auto (NASDAQ:LI) Stock

Li Auto (NASDAQ:LI) had its target price hoisted by Barclays from $22.00 to $31.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts also recently weighed in on the stock. Citigroup increased their price target on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. decreased their target price 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 reissued a “neutral” rating and set a $33.00 price target (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Finally, Bank of America raised their price objective on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.94.

Li Auto Stock Performance

Shares of LI opened at $24.65 on Monday. Li Auto has a one year low of $17.44 and a one year high of $46.44. The business has a fifty day moving average of $23.98 and a 200 day moving average of $22.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The firm has a market capitalization of $26.15 billion, a P/E ratio of 18.26, a PEG ratio of 2.40 and a beta of 0.99.

Li Auto (NASDAQ:LI) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The business had revenue of $4.36 billion during the quarter. As a group, sell-side analysts anticipate that Li Auto will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LI. Venturi Wealth Management LLC purchased a new stake in Li Auto in the 3rd quarter worth $50,000. Ground Swell Capital LLC bought a new stake in shares of Li Auto in the third quarter worth about $231,000. Van ECK Associates Corp increased its holdings in shares of Li Auto by 4.3% in the third quarter. Van ECK Associates Corp now owns 219,995 shares of the company’s stock worth $5,955,000 after purchasing an additional 9,008 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Li Auto by 43.8% in the third quarter. Janney Montgomery Scott LLC now owns 43,137 shares of the company’s stock worth $1,106,000 after buying an additional 13,139 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its stake in Li Auto by 12.9% during the third quarter. China Universal Asset Management Co. Ltd. now owns 35,000 shares of the company’s stock valued at $898,000 after buying an additional 4,000 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors.

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.