Weiss Ratings Reiterates "Sell (D-)" Rating for XPeng (NYSE:XPEV)

Key Points

• Weiss Ratings has reiterated a "Sell (D-)" rating for XPeng (NYSE:XPEV), indicating a negative outlook on the stock.
• XPeng's shares traded up 1.9%, reaching $24.12, while the stock has a one-year low of $10.06 and a one-year high of $27.16.
• Analysts' ratings for XPeng include two Strong Buy, eight Buy, six Hold, and two Sell, resulting in an average rating of "Moderate Buy" with an average target price of $23.85.

XPeng (NYSE:XPEV - Get Free Report)'s stock had its "sell (d-)" rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. BNP Paribas Exane assumed coverage on shares of XPeng in a report on Monday, August 18th. They set a "neutral" rating and a $19.00 target price on the stock. CLSA upgraded shares of XPeng to a "strong-buy" rating in a report on Monday, September 22nd. Citigroup lifted their target price on shares of XPeng from $29.00 to $29.40 and gave the company a "buy" rating in a report on Wednesday, August 20th. Macquarie lifted their target price on shares of XPeng from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Finally, Morgan Stanley set a $28.00 target price on shares of XPeng and gave the company an "overweight" rating in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.85.

XPeng Trading Up 1.9%

Shares of NYSE XPEV traded up $0.45 during trading on Wednesday, hitting $24.12. 3,640,228 shares of the company traded hands, compared to its average volume of 9,567,060. XPeng has a 1 year low of $10.06 and a 1 year high of $27.16. The company has a 50-day moving average price of $21.16 and a 200-day moving average price of $19.91. The firm has a market capitalization of $22.89 billion, a P/E ratio of -38.25 and a beta of 2.54. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On XPeng

A number of institutional investors have recently modified their holdings of XPEV. Farther Finance Advisors LLC raised its stake in shares of XPeng by 70.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock valued at $27,000 after purchasing an additional 532 shares in the last quarter. Atlas Capital Advisors Inc. raised its stake in shares of XPeng by 651.0% in the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock valued at $31,000 after purchasing an additional 1,302 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of XPeng in the 1st quarter valued at about $39,000. SVB Wealth LLC acquired a new stake in shares of XPeng in the 1st quarter valued at about $46,000. Finally, Bayforest Capital Ltd raised its stake in shares of XPeng by 145.5% in the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock valued at $47,000 after purchasing an additional 1,353 shares in the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.

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