XPeng (NYSE:XPEV) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

XPeng (NYSE:XPEV) had its target price boosted by investment analysts at Sanford C. Bernstein from $9.00 to $14.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 14.15% from the stock’s current price.

A number of other research analysts also recently commented on XPEV. Macquarie raised shares of XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upgraded XPeng from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $8.00 to $11.50 in a report on Thursday, September 5th. Citigroup reduced their target price on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Bank of America reduced their target price on XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.39.

XPeng Price Performance

XPeng stock opened at $12.27 on Wednesday. XPeng has a 52 week low of $6.55 and a 52 week high of $18.74. The company has a current ratio of 1.50, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $11.75 and its 200 day simple moving average is $9.26.

XPeng (NYSE:XPEV) last announced its earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.63%. The firm had revenue of $1.12 billion during the quarter. On average, equities analysts predict that XPeng will post -0.97 EPS for the current year.

Institutional Investors Weigh In On XPeng

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in XPeng in the third quarter worth about $915,000. Y Intercept Hong Kong Ltd purchased a new position in XPeng during the 3rd quarter valued at about $6,233,000. Quantinno Capital Management LP grew its stake in XPeng by 99.2% during the 3rd quarter. Quantinno Capital Management LP now owns 27,153 shares of the company’s stock valued at $331,000 after acquiring an additional 13,520 shares in the last quarter. Point72 Italy S.r.l. purchased a new position in XPeng during the 3rd quarter valued at about $1,160,000. Finally, Polymer Capital Management HK LTD acquired a new stake in shares of XPeng during the 3rd quarter valued at about $487,000. 23.05% of the stock is currently owned by institutional investors.

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.