Li Auto (NASDAQ:LI) Earns Outperform Rating from Analysts at Macquarie

Investment analysts at Macquarie started coverage on shares of Li Auto (NASDAQ:LI) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $40.00 price target on the stock. Macquarie’s price target suggests a potential upside of 38.41% from the stock’s current price.

Other analysts also recently issued reports about the stock. Citigroup cut their price objective on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Bank of America cut their price objective on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Barclays cut their price objective on shares of Li Auto from $56.00 to $39.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and dropped their price target for the stock from $45.00 to $41.00 in a research report on Tuesday, February 6th. Finally, Morgan Stanley dropped their price target on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $47.36.

Li Auto Stock Down 1.7 %

LI traded down $0.49 during trading hours on Monday, reaching $28.90. 1,111,729 shares of the stock traded hands, compared to its average volume of 7,963,384. The company has a market cap of $30.66 billion, a price-to-earnings ratio of 18.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. Li Auto has a fifty-two week low of $21.48 and a fifty-two week high of $47.33. The firm’s fifty day simple moving average is $33.75 and its two-hundred day simple moving average is $34.32.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. As a group, analysts forecast that Li Auto will post 1.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LI. Vanguard Group Inc. raised its holdings in shares of Li Auto by 3.2% in the third quarter. Vanguard Group Inc. now owns 19,781,600 shares of the company’s stock valued at $455,175,000 after purchasing an additional 621,085 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Li Auto by 3.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,543,812 shares of the company’s stock valued at $244,935,000 after purchasing an additional 231,084 shares during the last quarter. Norges Bank acquired a new stake in shares of Li Auto in the fourth quarter valued at approximately $127,155,000. Brilliance Asset Management Ltd. raised its holdings in shares of Li Auto by 6.9% in the fourth quarter. Brilliance Asset Management Ltd. now owns 4,639,798 shares of the company’s stock valued at $173,668,000 after purchasing an additional 299,531 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Li Auto by 161.0% during the first quarter. Renaissance Technologies LLC now owns 4,473,700 shares of the company’s stock worth $115,466,000 after buying an additional 2,759,800 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc, through its subsidiaries, operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.