Li Auto (NASDAQ:LI) Downgraded by Macquarie to "Underperform"

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.

Li Auto (NASDAQ:LI - Get Free Report) was downgraded by investment analysts at Macquarie from a "neutral" rating to an "underperform" rating in a report issued on Friday, MarketBeat Ratings reports. They currently have a $21.00 target price on the stock. Macquarie's price target would suggest a potential downside of 11.33% from the company's current price.

Several other equities research analysts have also recently issued reports on the company. BNP Paribas Exane initiated coverage on Li Auto in a research note on Monday. They set an "underperform" rating and a $18.00 target price for the company. Sanford C. Bernstein set a $26.00 price target on Li Auto and gave the stock a "market perform" rating in a research report on Tuesday. Zacks Research lowered Li Auto from a "hold" rating to a "strong sell" rating in a research report on Tuesday. BNP Paribas assumed coverage on Li Auto in a research report on Monday. They set an "underperform" rating for the company. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $28.00 price target (down from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $27.89.

Li Auto Price Performance

NASDAQ:LI opened at $23.6820 on Friday. Li Auto has a one year low of $17.44 and a one year high of $33.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87. The stock has a market cap of $24.80 billion, a PE ratio of 22.63, a P/E/G ratio of 1.35 and a beta of 0.94. The stock has a 50 day moving average price of $26.92 and a 200 day moving average price of $26.61.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the business posted $1.21 EPS. Li Auto's revenue for the quarter was up 1.1% compared to the same quarter last year. Li Auto has set its Q2 2025 guidance at EPS. Equities research analysts expect that Li Auto will post 0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC purchased a new position in Li Auto in the second quarter valued at $27,000. MAI Capital Management raised 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 buying an additional 1,118 shares in the last quarter. SVB Wealth LLC acquired a new stake in Li Auto in the first quarter valued at $33,000. Summit Securities Group LLC acquired a new stake in Li Auto in the first quarter valued at $50,000. Finally, CX Institutional acquired a new stake in Li Auto in the first quarter valued at $72,000. 9.88% of the stock is currently owned by hedge funds and other 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.

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