Barclays Issues Pessimistic Forecast for XPENG (NYSE:XPEV) Stock Price

XPENG (NYSE:XPEV) had its target price reduced by equities research analysts at Barclays from $17.00 to $16.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price target suggests a potential downside of 15.46% from the stock’s current price.

Several other analysts have also recently weighed in on XPEV. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a report on Wednesday, January 21st. Macquarie Infrastructure set a $26.00 target price on shares of XPENG and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Citigroup reaffirmed a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Morgan Stanley reiterated a “reduce” rating on shares of XPENG in a research report on Monday, December 29th. Finally, Loop Capital set a $25.00 price target on shares of XPENG in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.74.

XPENG Trading Up 0.3%

XPEV traded up $0.06 during midday trading on Tuesday, reaching $18.93. 1,398,437 shares of the company’s stock traded hands, compared to its average volume of 6,831,560. XPENG has a 52 week low of $15.38 and a 52 week high of $28.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.12 and a quick ratio of 0.95. The firm has a fifty day moving average of $18.44 and a two-hundred day moving average of $20.43. The stock has a market capitalization of $17.96 billion, a price-to-earnings ratio of -111.43 and a beta of 1.21.

XPENG (NYSE:XPEV) last issued its quarterly earnings data on Friday, March 20th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. XPENG had a negative return on equity of 3.71% and a negative net margin of 1.46%.The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.10 billion. On average, equities analysts anticipate that XPENG will post -0.96 earnings per share for the current fiscal year.

Institutional Trading of XPENG

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after purchasing an additional 1,582 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in XPENG by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after buying an additional 389 shares during the last quarter. Kickstand Ventures LLC. bought a new position in shares of XPENG in the fourth quarter worth approximately $202,000. Parallel Advisors LLC lifted its stake in shares of XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after buying an additional 584 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of XPENG during the third quarter valued at approximately $249,000. Institutional investors own 21.09% of the company’s stock.

About XPENG

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.