NIO (NYSE:NIO) Raised to Overweight at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has upgraded NIO from a "neutral" rating to an "overweight" rating, with a new price target of $8.00, indicating a potential upside of 31.36% from its previous close.
• Other analysts have given mixed ratings to NIO, with Goldman Sachs upgrading it to "neutral," while Barclays set a target price lower than JPMorgan's, further reflecting a divergence in market sentiment.
• NIO reported a loss of ($0.45) EPS for the last quarter, which was below analysts' estimates, despite a year-on-year revenue increase of 21.5%.

NIO (NYSE:NIO - Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued on Tuesday, MarketBeat.com reports. The brokerage currently has a $8.00 price target on the stock, up from their previous price target of $4.80. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 25.45% from the stock's current price.

Several other research firms also recently commented on NIO. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and raised their target price for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. Morgan Stanley reissued a "buy" rating on shares of NIO in a report on Monday, July 14th. Barclays reduced their target price on shares of NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 4th. Mizuho dropped their target price on shares of NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. Finally, Citigroup restated a "buy" rating on shares of NIO in a research report on Monday, April 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.21.

NIO Stock Performance

NIO traded down $0.13 during trading on Tuesday, reaching $6.38. 57,076,123 shares of the company's stock were exchanged, compared to its average volume of 83,594,528. NIO has a fifty-two week low of $3.02 and a fifty-two week high of $7.71. The company has a market capitalization of $13.31 billion, a P/E ratio of -3.94 and a beta of 1.42. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The business has a 50 day moving average price of $4.55 and a 200 day moving average price of $4.19.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $12.46 billion. NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%.The business's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the company earned ($2.39) EPS. NIO has set its Q2 2025 guidance at EPS. As a group, analysts predict that NIO will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

A number of large investors have recently modified their holdings of NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NIO by 3,966.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock valued at $20,255,000 after purchasing an additional 5,185,565 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of NIO in the 2nd quarter valued at $12,315,000. Invesco Ltd. raised its position in shares of NIO by 22.7% during the second quarter. Invesco Ltd. now owns 2,738,308 shares of the company's stock worth $9,392,000 after acquiring an additional 506,618 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of NIO by 83.3% during the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after acquiring an additional 958,750 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in NIO by 125.2% in the second quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company's stock valued at $3,754,000 after acquiring an additional 608,377 shares during the last quarter. 48.55% of the stock is currently 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.