Analysts Set Nio Inc – (NYSE:NIO) PT at $8.43

Nio Inc – (NYSE:NIO) has received an average recommendation of “Reduce” from the eleven analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.43.

Several brokerages recently commented on NIO. Jefferies Financial Group dropped their price target on shares of NIO from $8.30 to $5.90 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Barclays restated an “underweight” rating and set a $4.00 price objective (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. The Goldman Sachs Group assumed coverage on NIO in a report on Wednesday, January 3rd. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. dropped their price target on NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a research note on Wednesday, March 6th. Finally, UBS Group reduced their price objective on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research note on Thursday, March 14th.

NIO Trading Up 2.4 %

Shares of NIO stock opened at $4.60 on Thursday. The firm has a market cap of $7.91 billion, a PE ratio of -2.63 and a beta of 1.93. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $16.18. The business’s fifty day moving average is $4.96 and its two-hundred day moving average is $6.49.

NIO (NYSE:NIO) last released its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $18.16 billion. During the same quarter last year, the company posted ($0.51) earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that NIO will post -1.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NIO. Bfsg LLC acquired a new stake in shares of NIO in the 4th quarter valued at about $33,000. Rakuten Securities Inc. acquired a new stake in NIO during the fourth quarter valued at approximately $38,000. Principal Securities Inc. bought a new position in NIO during the 4th quarter worth approximately $42,000. Peoples Bank KS acquired a new position in shares of NIO in the 3rd quarter worth approximately $46,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of NIO by 272.3% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock valued at $42,000 after acquiring an additional 6,875 shares during the last quarter. 48.55% of the stock is owned by institutional investors and hedge funds.

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.