Analysts Set NIO Inc. (NYSE:NIO) PT at $6.73

Shares of NIO Inc. (NYSE:NIO) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.8250.

Several brokerages have commented on NIO. Citigroup cut their target price on NIO from $8.60 to $6.90 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Barclays upped their price target on NIO from $3.00 to $4.00 and gave the company an “underweight” rating in a report on Friday, November 28th. Mizuho lifted their price objective on NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group restated a “neutral” rating and set a $7.00 target price on shares of NIO in a research note on Thursday, October 30th. Finally, Macquarie raised shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price target on the stock in a report on Thursday.

NIO Trading Up 1.5%

Shares of NYSE NIO opened at $4.71 on Friday. The firm’s 50 day moving average price is $5.24 and its 200-day moving average price is $5.68. NIO has a 52-week low of $3.02 and a 52-week high of $8.02. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.94. The company has a market cap of $9.83 billion, a PE ratio of -3.25 and a beta of 1.05.

Institutional Investors Weigh In On NIO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in NIO by 148.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after buying an additional 2,877 shares during the last quarter. Hedeker Wealth LLC bought a new stake in shares of NIO in the second quarter worth $43,000. Allworth Financial LP increased its position in NIO by 183.5% during the third quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock valued at $50,000 after acquiring an additional 4,269 shares during the last quarter. Sandbox Financial Partners LLC bought a new position in NIO in the fourth quarter valued at about $51,000. Finally, SeaCrest Wealth Management LLC purchased a new position in NIO in the second quarter worth about $56,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.