Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Li Auto Inc. has received a consensus rating of "Hold" from eight analysts, with five ratings for "Hold" and three for "Buy."
• The average twelve-month target price for the stock is $32.85, reflecting mixed analyst sentiment.
• Li Auto reported a net margin of 5.60% and quarterly revenue of $3.53 billion, demonstrating a year-over-year revenue growth of 1.1%.

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) has earned an average recommendation of "Hold" from the ten ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $29.0143.

Several analysts have recently commented on the company. BNP Paribas assumed coverage on Li Auto in a report on Monday. They set an "underperform" rating for the company. Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $28.00 target price (down previously from $33.00) on shares of Li Auto in a research report on Thursday. Finally, BNP Paribas Exane assumed coverage on shares of Li Auto in a research report on Monday. They set an "underperform" rating and a $18.00 target price on the stock.

Li Auto Price Performance

NASDAQ:LI traded up $0.00 on Thursday, reaching $24.19. 1,824,304 shares of the company's stock traded hands, compared to its average volume of 5,406,097. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $27.38 and a 200-day simple moving average of $26.64. The firm has a market cap of $25.33 billion, a PE ratio of 23.01, a P/E/G ratio of 1.37 and a beta of 0.94. Li Auto has a 12 month low of $17.44 and a 12 month high of $33.12.

Li Auto (NASDAQ:LI - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period last year, the firm posted $1.21 earnings per share. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Li Auto will post 0.96 earnings per share for the current year.

Hedge Funds Weigh In On Li Auto

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LI. Elevation Point Wealth Partners LLC bought a new position in Li Auto in the second quarter worth about $27,000. MAI Capital Management grew its position in Li Auto by 2,236.0% in the second quarter. MAI Capital Management now owns 1,168 shares of the company's stock worth $32,000 after buying an additional 1,118 shares during the last quarter. SVB Wealth LLC acquired a new position in Li Auto in the first quarter worth approximately $33,000. Summit Securities Group LLC acquired a new position in Li Auto in the first quarter worth approximately $50,000. Finally, CX Institutional acquired a new stake in Li Auto during the 1st quarter valued at $72,000. 9.88% of the stock is 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.