Li Auto (NASDAQ:LI) PT Lowered to $36.00 at Bank of America

Li Auto (NASDAQ:LI) had its price target reduced by Bank of America from $41.00 to $36.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on LI. Citigroup lowered their price target on shares of Li Auto from $57.30 to $48.50 and set a buy rating for the company in a research note on Friday, March 22nd. Macquarie assumed coverage on shares of Li Auto in a research note on Monday, April 15th. They issued an outperform rating and a $40.00 price target for the company. Morgan Stanley lowered their price objective on shares of Li Auto from $74.00 to $65.00 and set an overweight rating for the company in a research note on Monday, March 25th. Barclays downgraded shares of Li Auto from an overweight rating to an equal weight rating and lowered their price objective for the company from $39.00 to $25.00 in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a hold rating to a buy rating and lowered their price objective for the company 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 given a buy rating to the stock. Based on data from MarketBeat, Li Auto presently has an average rating of Moderate Buy and a consensus target price of $40.50.

Li Auto Stock Performance

NASDAQ LI opened at $19.58 on Tuesday. Li Auto has a 52-week low of $19.38 and a 52-week high of $47.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.48 and a current ratio of 1.53. The company has a market capitalization of $20.77 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.84 and a beta of 1.10. The company has a fifty day moving average of $28.18 and a 200-day moving average of $32.62.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The business had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. As a group, equities research analysts predict that Li Auto will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Li Auto

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its position in shares of Li Auto by 3.4% during the third quarter. Advisors Asset Management Inc. now owns 14,458 shares of the company’s stock valued at $515,000 after buying an additional 469 shares during the period. Signaturefd LLC grew its holdings in Li Auto by 7.1% in the third quarter. Signaturefd LLC now owns 8,613 shares of the company’s stock worth $307,000 after purchasing an additional 569 shares during the period. Corient Private Wealth LLC grew its holdings in Li Auto by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 12,664 shares of the company’s stock worth $474,000 after purchasing an additional 641 shares during the period. SG Americas Securities LLC grew its holdings in Li Auto by 7.0% in the first quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock worth $316,000 after purchasing an additional 685 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in Li Auto by 7.6% in the fourth quarter. Quadrant Capital Group LLC now owns 10,497 shares of the company’s stock worth $393,000 after purchasing an additional 745 shares during the period. Hedge funds and other institutional investors own 9.88% of the company’s stock.

About Li Auto

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.