S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
pixel
pixel
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
pixel
pixel
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
pixel
pixel
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
pixel
pixel
Log in

NIO (NYSE:NIO) Now Covered by Daiwa Capital Markets

Last updated on Monday, December 14, 2020 | 2020 MarketBeat

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)

The Fly

Analyst Recommendations for NIO (NYSE:NIO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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.

While high-yield stocks may have a lot of near-term attractiveness, those same high-yields can often signal significant danger ahead. In some cases, it might mean that the company's dividend will stop growing or won't grow as fast as it used to. Worse yet, the company could cut its dividend, reduce the income you receive from owning the stock and drive down the value of the shares that you own.

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.

This slideshow highlights 10 high-yield dividend stocks that are paying an unsustainably large percentage of their earnings in the form of a dividend. These companies are all paying out more than 100% of their earnings per share in the form of a dividend, a sign that the advertised high-yield probably won't last.

View the "20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.