NIO Inc. (NYSE:NIO) Receives $4.74 Consensus Target Price from Analysts

Shares of NIO Inc. (NYSE:NIO - Get Free Report) have received an average rating of "Hold" from the twelve research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $4.74.

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

Institutional Investors Weigh In On NIO

Several institutional investors and hedge funds have recently made changes to their positions in NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 worth $20,255,000 after purchasing an additional 5,185,565 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of NIO by 83.3% during the 1st quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock worth $8,038,000 after buying an additional 958,750 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of NIO during the 4th quarter worth approximately $3,305,000. Hsbc Holdings PLC grew its position in shares of NIO by 96.6% during the 1st quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock worth $3,964,000 after buying an additional 510,610 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of NIO in the 4th quarter valued at $1,776,000. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Price Performance

NIO traded up $0.05 during trading on Tuesday, hitting $3.47. 63,470,873 shares of the stock traded hands, compared to its average volume of 47,998,648. The business has a 50 day moving average price of $3.78 and a 200 day moving average price of $4.11. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.69. NIO has a twelve month low of $3.02 and a twelve month high of $7.71. The company has a market cap of $7.23 billion, a price-to-earnings ratio of -2.14 and a beta of 1.62.

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 analysts' consensus estimates of ($0.22) by ($0.23). The business had revenue of $1.66 billion for 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%. NIO's quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm posted ($2.39) EPS. Equities research analysts forecast 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.