NIO Inc. (NYSE:NIO) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• NIO Inc. has been assigned a consensus rating of "Hold" by thirteen brokerages, with one sell, nine hold, two buy, and one strong buy recommendations.
• The average 12-month target price for NIO's stock is $4.7429, with current stock performance showing a price opening at $4.49.
• In its most recent earnings report, NIO posted a loss of ($0.45) EPS and revenue of $1.66 billion, missing analyst expectations significantly.

Shares of NIO Inc. (NYSE:NIO - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $4.7429.

Several analysts have weighed in on the stock. Citigroup reissued a "buy" rating on shares of NIO in a research note on Monday, April 28th. Mizuho lowered 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. The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a research note on Monday, July 14th. Finally, Barclays lowered their price objective 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.

NIO Stock Performance

NIO stock opened at $4.49 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $9.37 billion, a PE ratio of -2.77 and a beta of 1.42. The firm has a fifty day simple moving average of $4.03 and a two-hundred day simple moving average of $4.07. NIO has a twelve month low of $3.02 and a twelve month 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) earnings per share 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 the consensus estimate 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 for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.39) earnings per share. Research analysts expect that NIO will post -1.43 EPS for the current year.

Hedge Funds Weigh In On NIO

Several hedge funds and other institutional investors have recently modified their holdings of NIO. Xponance Inc. purchased a new stake in NIO in the first quarter worth about $39,000. Blueshift Asset Management LLC purchased a new stake in NIO in the first quarter worth about $43,000. Hedeker Wealth LLC purchased a new stake in NIO in the second quarter worth about $43,000. Annex Advisory Services LLC purchased a new stake in NIO in the first quarter worth about $47,000. Finally, May Hill Capital LLC purchased a new stake in NIO in the first quarter worth about $48,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

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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