NIO (NYSE:NIO) was upgraded by 86 Research from a "sell" rating to a "buy" rating in a research report issued on Thursday, The Fly reports.
A number of other research analysts also recently issued reports on the company. HSBC boosted their price objective on NIO from $53.00 to $54.00 in a research note on Monday. Mizuho dropped their price target on NIO from $67.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, November 11th. Citigroup upped their price objective on NIO from $70.00 to $87.00 and gave the stock a "buy" rating in a report on Thursday, November 11th. They noted that the move was a valuation call. Macquarie began coverage on NIO in a report on Wednesday. They set an "outperform" rating and a $37.70 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $70.00 price target on shares of NIO in a report on Thursday, December 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $61.64.
NYSE:NIO opened at $31.68 on Thursday. NIO has a twelve month low of $27.52 and a twelve month high of $64.60. The stock has a market cap of $49.71 billion, a P/E ratio of -32.00 and a beta of 2.37. The company has a quick ratio of 1.98, a current ratio of 2.04 and a debt-to-equity ratio of 0.40. The firm's fifty day simple moving average is $35.10 and its 200 day simple moving average is $38.75.
NIO (NYSE:NIO) last posted its quarterly earnings results on Tuesday, November 9th. The company reported ($0.28) earnings per share (EPS) for the quarter. NIO had a negative return on equity of 37.62% and a negative net margin of 29.97%. The company had revenue of $1.52 billion during the quarter. On average, analysts expect that NIO will post -0.94 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Adams Asset Advisors LLC grew its position in shares of NIO by 32.2% during the 4th quarter. Adams Asset Advisors LLC now owns 11,554 shares of the company's stock worth $366,000 after buying an additional 2,811 shares in the last quarter. IFP Advisors Inc grew its position in shares of NIO by 27.0% during the 4th quarter. IFP Advisors Inc now owns 7,995 shares of the company's stock worth $255,000 after buying an additional 1,699 shares in the last quarter. DNB Asset Management AS grew its position in shares of NIO by 20.9% during the 4th quarter. DNB Asset Management AS now owns 833,746 shares of the company's stock worth $26,413,000 after buying an additional 144,250 shares in the last quarter. Green Alpha Advisors LLC grew its position in shares of NIO by 3.7% during the 4th quarter. Green Alpha Advisors LLC now owns 25,596 shares of the company's stock worth $811,000 after buying an additional 912 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of NIO by 33.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 49,840 shares of the company's stock worth $1,579,000 after buying an additional 12,420 shares in the last quarter. 29.94% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: Fibonacci Channel
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]
Before you consider NIO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIO wasn't on the list.
While NIO currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here