Li Auto (NASDAQ:LI) Cut to "Market Perform" at Sanford C. Bernstein

Key Points

• Li Auto has been downgraded from an "outperform" to a "hold" rating by Sanford C. Bernstein, which also reduced its price target from $33.00 to $26.00.
• The stock is currently rated with an average of two buy ratings, seven hold ratings, and two sell ratings, with a consensus price target of $28.64.
• In the most recent quarter, Li Auto reported a net margin of 5.60% and earnings per share of $0.08, missing analysts' expectations.

Li Auto (NASDAQ:LI - Get Free Report) was downgraded by analysts at Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $26.00 price target on the stock, down from their previous price target of $33.00. Sanford C. Bernstein's price target points to a potential upside of 9.87% from the stock's previous close.

A number of other equities research analysts also recently issued reports on the stock. Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 10th. BNP Paribas began coverage on shares of Li Auto in a research report on Monday. They set an "underperform" rating for the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $28.00 price objective (down from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. Finally, BNP Paribas Exane initiated coverage on shares of Li Auto in a report on Monday. They set an "underperform" rating and a $18.00 target price for the company. Two 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. According to data from MarketBeat.com, Li Auto presently has a consensus rating of "Reduce" and a consensus price target of $27.89.

Li Auto Stock Up 0.9%

Shares of Li Auto stock opened at $23.6640 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.72. The company has a 50-day moving average of $26.92 and a 200 day moving average of $26.61. The firm has a market cap of $24.78 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.35 and a beta of 0.94. Li Auto has a 1 year low of $17.44 and a 1 year high of $33.12.

Li Auto (NASDAQ:LI - Get Free Report) last issued its quarterly 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 business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the business earned $1.21 earnings per share. The firm's revenue was up 1.1% compared to the same quarter last year. Li Auto has set its Q2 2025 guidance at EPS. As a group, sell-side analysts anticipate that Li Auto will post 0.96 earnings per share for the current fiscal year.

Institutional Trading of Li Auto

Large investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of Li Auto during the second quarter worth approximately $27,000. MAI Capital Management increased 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 purchasing an additional 1,118 shares during the last quarter. SVB Wealth LLC purchased a new position in Li Auto in the first quarter valued at approximately $33,000. Summit Securities Group LLC purchased a new position in Li Auto in the first quarter valued at approximately $50,000. Finally, CX Institutional acquired a new position in shares of Li Auto in the 1st 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.