Research analysts at Daiwa Capital Markets initiated coverage on shares of NIO (NYSE:NIO) in a research report issued on Monday, The Fly reports. The firm set a "buy" rating on the stock.
Several other brokerages have also weighed in on NIO. UBS Group raised NIO from a "sell" rating to a "neutral" rating and set a $16.30 target price on the stock in a research report on Tuesday, August 25th. Smith Barney Citigroup lifted their price target on NIO from $33.20 to $46.40 in a research report on Wednesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on NIO from $34.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 19th. JPMorgan Chase & Co. lifted their price target on NIO from $40.00 to $46.00 in a research report on Monday, November 9th. Finally, Zacks Investment Research raised NIO from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. The stock has a consensus rating of "Hold" and an average target price of $27.78.
Shares of NYSE NIO opened at $39.81 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.33 and a current ratio of 2.42. NIO has a fifty-two week low of $2.11 and a fifty-two week high of $57.20. The firm has a market capitalization of $40.85 billion, a PE ratio of -42.52 and a beta of 2.61. The stock's 50-day simple moving average is $42.20 and its 200-day simple moving average is $21.10.
Several large investors have recently added to or reduced their stakes in NIO. Electron Capital Partners LLC purchased a new stake in shares of NIO in the second quarter valued at approximately $69,808,000. Robecosam AG purchased a new stake in shares of NIO in the third quarter valued at approximately $101,856,000. Aspex Management HK Ltd purchased a new stake in shares of NIO in the third quarter valued at approximately $84,880,000. Trivest Advisors Ltd purchased a new stake in shares of NIO in the third quarter valued at approximately $35,650,000. Finally, Acadian Asset Management LLC purchased a new stake in NIO during the third quarter worth $32,437,000.
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.
See Also: Leveraged Buyout (LBO)
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20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio
Almost everyone loves a company that pays strong dividends. Who doesn't like receiving a check every quarter for simply owning a stock--especially if that stock is paying you back 4%, 5% or even 10% of its share price in annual income each year?. In a world where 10-year treasuries are yielding just above 2%, it seems hard to go wrong when buying a stock that's yielding significantly above the going rates on fixed-income assets. Unfortunately, the market rarely offers a free lunch.
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4%-plus yields might seem like an easy opportunity to boost the investment income you receive, but high-yield stocks can just as often be a track reading to snare unsuspecting investors. It's not always easy to tell the difference though.
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View the "20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio".