Nio Inc – (NYSE:NIO) Receives $8.48 Consensus Price Target from Brokerages

Nio Inc – (NYSE:NIO) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $8.48.

A number of research firms recently weighed in on NIO. UBS Group dropped their price target on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Mizuho reaffirmed a “neutral” rating and set a $5.50 price target on shares of NIO in a research note on Monday, March 25th. Sanford C. Bernstein dropped their price target on NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Macquarie began coverage on NIO in a research note on Monday, April 15th. They set a “neutral” rating and a $5.00 price target on the stock. Finally, Jefferies Financial Group decreased their price objective on NIO from $8.30 to $5.90 and set a “hold” rating for the company in a report on Wednesday, March 6th.

NIO Price Performance

Shares of NYSE:NIO opened at $5.25 on Monday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of -3.00 and a beta of 1.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13. The business’s 50-day moving average is $4.81 and its 200-day moving average is $6.21. NIO has a 1 year low of $3.61 and a 1 year high of $16.18.

NIO (NYSE:NIO) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $18.16 billion. During the same period last year, the company posted ($0.51) earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict that NIO will post -1.26 earnings per share for the current year.

Hedge Funds Weigh In On NIO

Several institutional investors have recently modified their holdings of the business. Prudential PLC grew its holdings in shares of NIO by 0.9% in the third quarter. Prudential PLC now owns 177,715 shares of the company’s stock valued at $1,607,000 after acquiring an additional 1,641 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of NIO by 9.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 20,075 shares of the company’s stock valued at $182,000 after acquiring an additional 1,816 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of NIO by 15.4% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,712 shares of the company’s stock valued at $133,000 after acquiring an additional 1,962 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of NIO by 2.5% in the first quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock valued at $371,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Fountainhead AM LLC grew its holdings in shares of NIO by 20.0% in the fourth quarter. Fountainhead AM LLC now owns 12,047 shares of the company’s stock valued at $109,000 after acquiring an additional 2,012 shares in the last quarter. 48.55% of the stock is owned by institutional investors.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.