Li Auto Inc. (NASDAQ:LI) Receives Average Rating of “Buy” from Analysts

Shares of Li Auto Inc. (NASDAQ:LIGet Rating) have earned an average rating of “Buy” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $39.80.

LI has been the topic of several research analyst reports. initiated coverage on shares of Li Auto in a research note on Thursday, March 24th. They set a “buy” rating and a $37.20 price target on the stock. Bank of America decreased their price target on shares of Li Auto from $35.00 to $33.00 in a research note on Tuesday, May 10th. Barclays increased their price target on shares of Li Auto from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, February 28th. Zacks Investment Research cut shares of Li Auto from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, HSBC began coverage on shares of Li Auto in a research note on Friday, April 1st. They issued a “buy” rating and a $35.00 price objective on the stock.

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in Li Auto by 8.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 100,600 shares of the company’s stock valued at $2,596,000 after buying an additional 7,800 shares during the last quarter. Toroso Investments LLC increased its stake in Li Auto by 10.0% in the 1st quarter. Toroso Investments LLC now owns 95,507 shares of the company’s stock valued at $2,465,000 after buying an additional 8,644 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Li Auto by 51.4% in the 1st quarter. Advisors Asset Management Inc. now owns 17,788 shares of the company’s stock valued at $459,000 after buying an additional 6,039 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Li Auto in the 1st quarter valued at $545,000. Finally, Quantbot Technologies LP acquired a new stake in Li Auto in the 1st quarter valued at $654,000. Institutional investors and hedge funds own 21.74% of the company’s stock.

NASDAQ:LI opened at $25.46 on Thursday. The company has a quick ratio of 3.76, a current ratio of 3.89 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $26.12 billion, a PE ratio of 2,546.00 and a beta of 1.75. Li Auto has a 12-month low of $16.86 and a 12-month high of $37.45. The firm has a 50-day moving average price of $24.04 and a 200 day moving average price of $27.33.

Li Auto (NASDAQ:LIGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.79. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.51 billion. Li Auto had a net margin of 0.09% and a return on equity of 0.08%. The company’s quarterly revenue was up 167.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) earnings per share. On average, research analysts expect that Li Auto will post -0.33 EPS for the current year.

About Li Auto (Get Rating)

Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.

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Analyst Recommendations for Li Auto (NASDAQ:LI)

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