NIO (NYSE:NIO) Now Covered by Mizuho

Monday, March 15, 2021 | MarketBeat

Analysts at Mizuho initiated coverage on shares of NIO (NYSE:NIO) in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage set a "buy" rating and a $60.00 price target on the stock. Mizuho's target price suggests a potential upside of 33.54% from the stock's previous close.

NIO has been the subject of a number of other research reports. Nomura started coverage on NIO in a report on Friday, January 22nd. They set a "buy" rating and a $80.30 price target for the company. Daiwa Capital Markets started coverage on NIO in a report on Monday, December 14th. They set a "buy" rating for the company. Jefferies Financial Group reduced their price target on NIO from $60.00 to $38.80 and set a "hold" rating for the company in a report on Monday. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $7.70 to $59.00 in a report on Tuesday, December 1st. Finally, JPMorgan Chase & Co. lifted their price target on NIO from $50.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, January 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company's stock. The company currently has a consensus rating of "Buy" and a consensus target price of $48.00.

NYSE:NIO opened at $44.93 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.33 and a current ratio of 2.42. The stock's 50-day simple moving average is $52.21 and its 200 day simple moving average is $40.91. The company has a market cap of $57.61 billion, a P/E ratio of -48.31 and a beta of 2.81. NIO has a 52-week low of $2.11 and a 52-week high of $66.99.

NIO (NYSE:NIO) last released its earnings results on Monday, March 1st. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.89). The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.71 billion. The business's revenue was up 133.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.73) earnings per share. As a group, equities analysts predict that NIO will post -0.73 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of NIO. Public Employees Retirement Association of Colorado boosted its stake in shares of NIO by 12,500.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 504 shares of the company's stock valued at $25,000 after buying an additional 500 shares during the period. Advisory Alpha LLC bought a new stake in shares of NIO in the third quarter valued at approximately $28,000. Eudaimonia Partners LLC bought a new stake in shares of NIO in the third quarter valued at approximately $30,000. O Shaughnessy Asset Management LLC bought a new stake in shares of NIO in the third quarter valued at approximately $31,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in NIO during the third quarter valued at approximately $34,000.

About NIO

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: Economic Reports

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]

Featured Article: Do equity income investments outperform growth and income investments?

7 Food Stocks That Are Leading Through Innovation

It might be easy to dismiss food stocks with so many restaurants still struggling to recover from the global pandemic. But food stocks are a broad category that includes not only the way food is consumed but the way it’s made. In 2020, sustainability and a focus on climate change continue to be important trends in this sector.

Another trend to look at is the ability of companies to deliver food to consumers. It’s not surprising that some of the biggest winners in the pandemic are the restaurants that already had a strong digital presence. Consumers' ability to have a contactless experience from start to finish has been a catalyst for some stocks.

Not surprisingly, those are also the trends that create an opportunity for investors looking to dabble in food stocks. As you look to resetting your portfolio for 2021, it may be time to take a bite out of some of these stocks.

With that in mind, we’ve put together this special presentation that identifies seven food stocks that you should consider adding to your portfolio. In addition to gaining exposure to this sector, some of these stocks present the opportunity for industry-beating gains.

View the "7 Food Stocks That Are Leading Through Innovation".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.