BNP Paribas Exane Initiates Coverage on Li Auto (NASDAQ:LI)

Key Points

• BNP Paribas Exane has initiated coverage on Li Auto with an "underperform" rating and set a price target of $18.00, indicating a potential downside of 25.59% from its previous close.
• JPMorgan Chase & Co. lowered its price target for Li Auto to $28.00, showing a downgrade from a previous target of $33.00, while two analysts rated the stock as a sell and six as hold.
• Li Auto reported a net revenue of $3.53 billion for the latest quarter but missed EPS estimates, suggesting mixed financial performance amidst analyst evaluations.

BNP Paribas Exane started coverage on shares of Li Auto (NASDAQ:LI - Get Free Report) in a research report issued on Monday, Marketbeat.com reports. The firm set an "underperform" rating and a $18.00 price target on the stock. BNP Paribas Exane's target price would indicate a potential downside of 25.19% from the company's current price.

A number of other brokerages have also weighed in on LI. BNP Paribas began coverage on shares of Li Auto in a report on Monday. They issued an "underperform" rating for the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $28.00 price target (down previously from $33.00) on shares of Li Auto in a report on Thursday, August 14th. Finally, Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Li Auto presently has a consensus rating of "Reduce" and a consensus price target of $27.89.

Li Auto Price Performance

Shares of NASDAQ LI traded up $0.60 during mid-day trading on Monday, hitting $24.06. 5,041,686 shares of the stock were exchanged, compared to its average volume of 5,405,037. The company has a market cap of $25.19 billion, a P/E ratio of 22.91, a PEG ratio of 1.35 and a beta of 0.94. The stock's fifty day simple moving average is $26.92 and its two-hundred day simple moving average is $26.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87. Li Auto has a twelve month low of $17.44 and a twelve month high of $33.12.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.45 billion. Li Auto had a return on equity of 11.83% and a net margin of 5.60%.The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. Li Auto has set its Q2 2025 guidance at EPS. As a group, analysts forecast that Li Auto will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Li Auto

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new position in Li Auto in the second quarter valued at approximately $27,000. MAI Capital Management boosted its stake in Li Auto by 2,236.0% in the second quarter. MAI Capital Management now owns 1,168 shares of the company's stock valued at $32,000 after acquiring an additional 1,118 shares during the last quarter. SVB Wealth LLC bought a new position in Li Auto in the first quarter valued at approximately $33,000. Summit Securities Group LLC bought a new position in Li Auto in the first quarter valued at approximately $50,000. Finally, CX Institutional bought a new position in Li Auto in the first quarter valued at approximately $72,000. 9.88% of the stock is owned by institutional investors.

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.