XPeng Inc. (NYSE:XPEV) Receives Consensus Rating of “Hold” from Brokerages

XPeng Inc. (NYSE:XPEV) has received an average rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.48.

Several analysts recently commented on the stock. Macquarie began coverage on shares of XPeng in a report on Monday. They set a “neutral” rating and a $7.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd.

XPeng Stock Performance

Shares of XPEV stock opened at $7.41 on Friday. XPeng has a 12-month low of $6.99 and a 12-month high of $23.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of -4.41 and a beta of 2.93. The business has a 50 day simple moving average of $8.72 and a 200 day simple moving average of $12.35.

XPeng (NYSE:XPEV) last posted its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $1.84 billion during the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. On average, equities research analysts anticipate that XPeng will post -1.25 EPS for the current year.

Institutional Trading of XPeng

A number of institutional investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA boosted its stake in shares of XPeng by 322.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after acquiring an additional 1,450 shares during the period. Captrust Financial Advisors boosted its position in XPeng by 50.0% during the first quarter. Captrust Financial Advisors now owns 2,400 shares of the company’s stock worth $66,000 after purchasing an additional 800 shares during the period. Nomura Asset Management Co. Ltd. acquired a new position in shares of XPeng in the first quarter valued at $28,000. Lindbrook Capital LLC raised its position in shares of XPeng by 33.0% in the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock valued at $58,000 after purchasing an additional 781 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of XPeng during the 3rd quarter worth about $65,000. Institutional investors own 23.05% of the company’s stock.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.