Li Auto (NASDAQ:LI) Stock Rating Lowered by Macquarie

Key Points

• Li Auto was dropped from a "neutral" to an "underperform" rating by Macquarie, with a target price of $21.00, suggesting an 11.33% downside from its current price.
• Analyst coverage for Li Auto shows mixed ratings, with two analysts giving a "Buy" rating, while others range from "market perform" to "strong sell," impacting the consensus price target.
• Li Auto's recent quarterly results reported an earnings miss, posting $0.08 EPS against a consensus estimate of $0.09, despite achieving revenue of $3.53 billion.

Macquarie downgraded shares of Li Auto (NASDAQ:LI - Free Report) from a neutral rating to an underperform rating in a report published on Friday morning, MarketBeat.com reports. The firm currently has $21.00 price objective on the stock, down from their prior price objective of $28.00.

Several other equities analysts have also issued reports on the company. Sanford C. Bernstein set a $26.00 price objective on Li Auto and gave the stock a "market perform" rating in a report on Tuesday, August 19th. Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. BNP Paribas Exane began coverage on shares of Li Auto in a research note on Monday, August 18th. They issued an "underperform" rating and a $18.00 target price on the stock. BNP Paribas began coverage on shares of Li Auto in a research note on Monday, August 18th. They issued a "strong sell" rating on the stock. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $28.00 target price (down previously from $33.00) on shares of Li Auto in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $27.89.

Li Auto Trading Down 8.9%

LI traded down $2.18 during trading hours on Friday, reaching $22.47. The company's stock had a trading volume of 9,275,767 shares, compared to its average volume of 5,433,274. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The stock has a market cap of $23.53 billion, a PE ratio of 21.43, a P/E/G ratio of 1.38 and a beta of 0.94. The business's 50-day moving average is $26.72 and its 200-day moving average is $26.61. 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 (NASDAQ:LI - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.45 billion. Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The company's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. Li Auto has set its Q2 2025 guidance at EPS. As a group, equities research analysts predict that Li Auto will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Li Auto

A number of institutional investors have recently modified their holdings of the stock. Elevation Point Wealth Partners LLC bought a new stake in shares of Li Auto during the second quarter worth approximately $27,000. MAI Capital Management raised its stake in shares of Li Auto by 2,236.0% during 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 bought a new stake in shares of Li Auto during the first quarter worth approximately $33,000. Summit Securities Group LLC bought a new stake in Li Auto in the first quarter valued at approximately $50,000. Finally, CX Institutional bought a new stake 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.