NIO (NYSE:NIO) Upgraded to “Moderate Buy” at Dbs Bank

Dbs Bank upgraded shares of NIO (NYSE:NIO) from a hold rating to a moderate buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Barclays boosted their target price on shares of NIO from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Friday, November 28th. Nomura upgraded NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective on the stock in a research note on Wednesday, March 11th. Bank of America reissued a “neutral” rating on shares of NIO in a research report on Tuesday, March 10th. HSBC upgraded NIO from a “hold” rating to a “buy” rating and boosted their target price for the company from $4.80 to $6.80 in a research note on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NIO in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.80.

NIO Trading Down 1.1%

NYSE NIO opened at $5.97 on Monday. NIO has a one year low of $3.02 and a one year high of $8.02. The business’s fifty day moving average is $4.92 and its 200-day moving average is $5.77. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.87. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of -6.15 and a beta of 1.11.

Institutional Trading of NIO

Several institutional investors and hedge funds have recently modified their holdings of NIO. Aspex Management HK Ltd purchased a new stake in NIO during the third quarter valued at about $266,700,000. WT Asset Management Ltd purchased a new position in shares of NIO in the third quarter worth about $142,120,000. Ghisallo Capital Management LLC bought a new stake in shares of NIO in the 3rd quarter valued at about $91,440,000. Voloridge Investment Management LLC purchased a new stake in NIO during the 3rd quarter valued at about $89,952,000. Finally, RWC Asset Advisors US LLC purchased a new stake in NIO during the 3rd quarter valued at about $79,761,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.