NIO Inc. (NYSE:NIO) Receives Average Rating of "Hold" from Analysts

NIO Inc. (NYSE:NIO - Get Free Report) has earned a consensus recommendation of "Hold" from the twelve research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $4.74.

Several equities analysts have commented on NIO shares. Mizuho dropped their price target on shares of NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Cfra Research upgraded shares of NIO to a "hold" rating in a research note on Friday, March 21st. Barclays lowered their target price on shares of NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a research note on Wednesday, June 4th. Citigroup reiterated a "buy" rating on shares of NIO in a research note on Monday, April 28th. Finally, The Goldman Sachs Group upgraded shares of NIO from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th.

Institutional Investors Weigh In On NIO

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in NIO by 3,966.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock valued at $20,255,000 after acquiring an additional 5,185,565 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of NIO by 83.3% in the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after buying an additional 958,750 shares during the last quarter. Bridgewater Associates LP raised its holdings in shares of NIO by 28.6% in the fourth quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock valued at $5,170,000 after buying an additional 263,338 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of NIO by 96.6% in the first quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock valued at $3,964,000 after buying an additional 510,610 shares during the last quarter. Finally, SIH Partners LLLP raised its holdings in shares of NIO by 23.1% in the fourth quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock valued at $4,071,000 after buying an additional 175,000 shares during the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Stock Performance

NYSE:NIO opened at $3.43 on Tuesday. The company has a fifty day simple moving average of $3.79 and a two-hundred day simple moving average of $4.13. The company has a market cap of $7.16 billion, a price-to-earnings ratio of -2.12 and a beta of 1.62. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. NIO has a 52 week low of $3.02 and a 52 week high of $7.71.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $12.46 billion. NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%. The business's revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned ($2.39) EPS. As a group, equities analysts anticipate that NIO will post -1.43 earnings per share for the current fiscal year.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.

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