Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives $32.85 Consensus Price Target from Analysts

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) has been given an average recommendation of "Hold" by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $32.85.

A number of research analysts have issued reports on LI shares. JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research report on Monday, March 17th. Cfra Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. Macquarie lowered shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price on the stock. in a research report on Monday, March 17th. Finally, HSBC set a $38.50 target price on shares of Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th.

Institutional Trading of Li Auto

Several large investors have recently made changes to their positions in LI. SBI Securities Co. Ltd. acquired a new stake in shares of Li Auto during the 4th quarter worth approximately $191,000. NINE MASTS CAPITAL Ltd acquired a new stake in Li Auto in the fourth quarter valued at approximately $6,637,000. Raymond James Financial Inc. acquired a new stake in Li Auto in the fourth quarter valued at approximately $544,000. Amundi boosted its position in Li Auto by 1.2% in the fourth quarter. Amundi now owns 78,098 shares of the company's stock valued at $1,811,000 after buying an additional 888 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position 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 buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company's stock.

Li Auto Stock Performance

Li Auto stock traded down $0.54 during trading hours on Wednesday, hitting $27.47. The company had a trading volume of 4,889,915 shares, compared to its average volume of 6,366,513. The firm has a market cap of $28.76 billion, a PE ratio of 26.16, a PEG ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.72. Li Auto has a one year low of $17.44 and a one year high of $33.12. The firm has a 50-day moving average of $27.29 and a 200 day moving average of $25.69.

Li Auto (NASDAQ:LI - Get Free Report) last released 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). The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 earnings per share. On average, sell-side analysts expect that Li Auto will post 0.96 earnings per share for the current year.

Li Auto Company Profile

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.