Nio Inc – (NYSE:NIO) Receives $5.71 Consensus Price Target from Brokerages

Shares of Nio Inc – (NYSE:NIO) have received an average rating of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $5.71.

Several research firms recently commented on NIO. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Daiwa America raised shares of NIO to a “strong-buy” rating in a report on Monday, September 30th. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and cut their price target for the stock from $4.80 to $3.90 in a report on Monday, November 25th.

NIO Price Performance

NIO stock opened at $4.28 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. NIO has a 52 week low of $3.61 and a 52 week high of $7.71. The firm’s fifty day moving average is $4.47 and its 200 day moving average is $4.78. The firm has a market cap of $7.36 billion, a P/E ratio of -2.83 and a beta of 1.70.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. American Century Companies Inc. grew its stake in shares of NIO by 8.4% in the second quarter. American Century Companies Inc. now owns 434,248 shares of the company’s stock worth $1,806,000 after acquiring an additional 33,788 shares during the period. Renaissance Technologies LLC purchased a new position in shares of NIO in the second quarter worth $1,076,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of NIO by 65.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 38,906 shares of the company’s stock worth $161,000 after buying an additional 15,441 shares in the last quarter. AE Wealth Management LLC purchased a new position in shares of NIO in the second quarter worth $75,000. Finally, Sei Investments Co. raised its stake in NIO by 4.0% during the second quarter. Sei Investments Co. now owns 195,894 shares of the company’s stock valued at $815,000 after purchasing an additional 7,600 shares in the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

About NIO

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.