Li Auto (NASDAQ:LI) Research Coverage Started at Macquarie

Macquarie began coverage on shares of Li Auto (NASDAQ:LI - Free Report) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $40.00 target price on the stock.

A number of other brokerages have also recently weighed in on LI. Barclays reduced their price target on Li Auto from $56.00 to $39.00 and set an overweight rating for the company in a research report on Friday, March 22nd. Bank of America cut their price objective on Li Auto from $60.00 to $55.00 and set a buy rating for the company in a research report on Monday, March 18th. Citigroup cut their price target on Li Auto from $57.30 to $48.50 and set a buy rating for the company in a report on Friday, March 22nd. Morgan Stanley cut their price target on Li Auto from $74.00 to $65.00 and set an overweight rating for the company in a report on Monday, March 25th. Finally, The Goldman Sachs Group initiated coverage on Li Auto in a report on Wednesday, January 3rd. They issued a buy rating for the company. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Li Auto has a consensus rating of Buy and a consensus target price of $47.36.

Li Auto Stock Down 2.7 %

NASDAQ LI traded down $0.79 on Monday, reaching $28.60. The stock had a trading volume of 7,973,374 shares, compared to its average volume of 8,061,741. The business has a 50 day moving average price of $33.75 and a 200 day moving average price of $34.32. The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. Li Auto has a 1 year low of $21.48 and a 1 year high of $47.33. The company has a market capitalization of $30.34 billion, a price-to-earnings ratio of 18.45 and a beta of 1.05.

Li Auto (NASDAQ:LI - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.49 EPS for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. The firm had revenue of $5.88 billion for the quarter. On average, analysts forecast that Li Auto will post 1.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

A number of large investors have recently bought and sold shares of the business. Stifel Financial Corp grew its position in Li Auto by 3.5% during the 2nd quarter. Stifel Financial Corp now owns 8,325 shares of the company's stock worth $292,000 after acquiring an additional 281 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Li Auto by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,458 shares of the company's stock valued at $515,000 after buying an additional 469 shares during the last quarter. Creative Planning boosted its position in Li Auto by 2.8% in the 2nd quarter. Creative Planning now owns 19,438 shares of the company's stock valued at $745,000 after buying an additional 521 shares during the last quarter. Signaturefd LLC boosted its position in Li Auto by 7.1% in the 3rd quarter. Signaturefd LLC now owns 8,613 shares of the company's stock valued at $307,000 after buying an additional 569 shares during the last quarter. Finally, Ronald Blue Trust Inc. boosted its position in Li Auto by 40.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,046 shares of the company's stock valued at $72,000 after buying an additional 594 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors.

About Li Auto

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.