NIO (NYSE:NIO) Receives New Coverage from Analysts at Macquarie

Macquarie assumed coverage on shares of NIO (NYSE:NIO - Free Report) in a research report released on Monday, Marketbeat reports. The brokerage issued a neutral rating and a $5.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Sanford C. Bernstein cut their price objective on shares of NIO from $7.50 to $5.50 and set a market perform rating for the company in a research note on Thursday, March 7th. Bank of America lowered their target price on NIO from $7.50 to $6.50 and set a neutral rating for the company in a research note on Wednesday, March 6th. Mizuho restated a neutral rating and set a $5.50 price target on shares of NIO in a research report on Monday, March 25th. JPMorgan Chase & Co. lowered their price objective on NIO from $5.00 to $4.80 and set an underweight rating for the company in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group initiated coverage on shares of NIO in a report on Wednesday, January 3rd. They issued a neutral rating on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $8.43.

NIO Price Performance

Shares of NYSE:NIO traded down $0.22 during trading on Monday, reaching $3.89. The company had a trading volume of 68,431,190 shares, compared to its average volume of 57,163,109. The company has a fifty day moving average of $5.36 and a two-hundred day moving average of $6.86. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $6.69 billion, a P/E ratio of -2.21 and a beta of 1.93. NIO has a 12 month low of $3.82 and a 12 month high of $16.18.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $18.16 billion. NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned ($0.51) EPS. Equities research analysts forecast that NIO will post -1.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NIO. Point72 Asset Management L.P. bought a new stake in NIO in the fourth quarter worth $33,000. Bfsg LLC purchased a new stake in NIO during the 4th quarter valued at about $33,000. Rakuten Securities Inc. bought a new stake in NIO during the 4th quarter valued at about $38,000. Principal Securities Inc. purchased a new position in NIO in the fourth quarter worth about $42,000. Finally, Peoples Bank KS purchased a new position in NIO in the third quarter worth about $46,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

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.