Morgan Stanley Trims Li Auto (NASDAQ:LI) Target Price to $53.00

Li Auto (NASDAQ:LI) had its target price reduced by investment analysts at Morgan Stanley from $65.00 to $53.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 155.18% from the company’s current price.

A number of other brokerages have also recently issued reports on LI. Citigroup lowered their price objective on Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research note on Friday, March 22nd. Barclays reduced their price target on shares of Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday. Bank of America dropped their price objective on Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday. Macquarie started coverage on shares of Li Auto in a research note on Monday, April 15th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and reduced their price target for the stock from $45.00 to $41.00 in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Li Auto Price Performance

Shares of LI stock opened at $20.77 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $22.04 billion, a price-to-earnings ratio of 13.85 and a beta of 1.10. The business’s fifty day moving average is $28.52 and its 200 day moving average is $32.71. Li Auto has a twelve month low of $20.60 and a twelve month high of $47.33.

Li Auto (NASDAQ:LI) last released its earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. Li Auto had a net margin of 8.73% and a return on equity of 17.19%. The firm had revenue of $5.88 billion for the quarter. Research analysts expect that Li Auto will post 1.5 EPS for the current fiscal year.

Institutional Trading of Li Auto

Hedge funds and other institutional investors have recently modified their holdings of the company. Scarborough Advisors LLC bought a new position in Li Auto in the 4th quarter worth $41,000. Rakuten Securities Inc. purchased a new position in shares of Li Auto in the fourth quarter valued at about $57,000. Employees Retirement System of Texas bought a new position in shares of Li Auto in the third quarter worth about $130,000. Barometer Capital Management Inc. purchased a new stake in shares of Li Auto during the fourth quarter worth about $135,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Li Auto during the 3rd quarter valued at approximately $215,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Company Profile

Li Auto Inc 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 offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.