Li Auto (NASDAQ:LI) Raised to "Hold" at Cfra Research

Li Auto (NASDAQ:LI - Get Free Report) was upgraded by Cfra Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on LI. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Macquarie lowered Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research note on Monday, March 17th. Nomura Securities upgraded Li Auto to a "hold" rating in a research note on Monday, March 17th. Finally, HSBC set a $38.50 price objective on Li Auto and gave the stock a "buy" rating in a research note on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $32.85.

Li Auto Price Performance

Shares of Li Auto stock traded down $0.53 on Tuesday, hitting $28.87. The company's stock had a trading volume of 2,341,737 shares, compared to its average volume of 6,424,055. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. Li Auto has a 1 year low of $17.44 and a 1 year high of $33.12. The firm has a fifty day moving average price of $25.97 and a 200-day moving average price of $25.29. The company has a market capitalization of $30.23 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98.

Li Auto (NASDAQ:LI - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The business had revenue of $3.53 billion during the quarter, compared to analysts' expectations of $3.45 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. Li Auto's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Li Auto will post 0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Large investors have recently made changes to their positions in the stock. SVB Wealth LLC acquired a new position in Li Auto in the first quarter valued at approximately $33,000. Summit Securities Group LLC acquired a new position in Li Auto in the first quarter valued at approximately $50,000. CX Institutional acquired a new position in Li Auto in the first quarter valued at approximately $72,000. Daiwa Securities Group Inc. lifted its holdings in Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after acquiring an additional 500 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in Li Auto by 1,077.3% in the first quarter. Brooklyn Investment Group now owns 4,980 shares of the company's stock valued at $125,000 after acquiring an additional 4,557 shares during the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

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.