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

Li Auto Inc. (NASDAQ:LI – Get Rating) has received an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is $37.04.

A number of equities research analysts have recently commented on the stock. CLSA reduced their target price on shares of Li Auto from $49.00 to $31.00 in a report on Thursday, December 15th. Jefferies Financial Group started coverage on shares of Li Auto in a research note on Monday, November 28th. They set a “buy” rating and a $20.66 price target on the stock. DBS Vickers started coverage on shares of Li Auto in a research note on Monday, November 28th. They set a “buy” rating on the stock. Barclays boosted their price target on shares of Li Auto from $25.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Citigroup boosted their price target on shares of Li Auto from $48.00 to $51.50 and gave the stock a “buy” rating in a research note on Thursday, February 9th.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $25.10 on Friday. The company has a 50-day simple moving average of $23.27 and a 200-day simple moving average of $22.40. Li Auto has a one year low of $12.52 and a one year high of $41.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.58 and a current ratio of 2.45. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of -83.67 and a beta of 0.75.

Li Auto (NASDAQ:LI – Get Rating) last announced its earnings results on Friday, December 9th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.01. Li Auto had a negative net margin of 4.30% and a negative return on equity of 4.48%. The business had revenue of $1.31 billion during the quarter. On average, analysts predict that Li Auto will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its position in Li Auto by 584.1% during the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock worth $28,000 after buying an additional 917 shares during the period. Ronald Blue Trust Inc. grew its position in shares of Li Auto by 177.4% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,648 shares of the company’s stock valued at $38,000 after purchasing an additional 1,054 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of Li Auto in the fourth quarter valued at approximately $45,000. CoreCap Advisors LLC acquired a new stake in shares of Li Auto in the second quarter valued at approximately $54,000. Finally, Activest Wealth Management grew its position in shares of Li Auto by 103.3% in the third quarter. Activest Wealth Management now owns 2,952 shares of the company’s stock valued at $68,000 after purchasing an additional 1,500 shares during the last quarter. 20.97% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile

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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.