XPeng Inc. Sponsored ADR (NYSE:XPEV) Receives $23.73 Consensus Target Price from Analysts

Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.73.

Several brokerages have weighed in on XPEV. Sanford C. Bernstein set a $19.00 price objective on XPeng and gave the company a "market perform" rating in a report on Thursday, May 22nd. Morgan Stanley set a $28.00 price target on XPeng and gave the company an "overweight" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. reduced their price objective on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 19th. Daiwa Capital Markets reissued a "neutral" rating and issued a $24.00 target price on shares of XPeng in a report on Wednesday, March 19th. Finally, Nomura upgraded shares of XPeng from a "neutral" rating to a "buy" rating and increased their price target for the stock from $14.00 to $30.00 in a research report on Wednesday, March 19th.

XPeng Stock Performance

NYSE:XPEV traded down $0.93 during mid-day trading on Monday, reaching $17.92. 7,242,472 shares of the company's stock were exchanged, compared to its average volume of 10,455,413. XPeng has a one year low of $6.60 and a one year high of $27.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.21. The business's fifty day simple moving average is $19.50 and its two-hundred day simple moving average is $18.26. The firm has a market capitalization of $17.01 billion, a PE ratio of -23.89 and a beta of 2.51.

XPeng (NYSE:XPEV - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($1.51) by $1.41. XPeng had a negative net margin of 10.20% and a negative return on equity of 15.89%. The company had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $15.80 billion. Analysts anticipate that XPeng will post -0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPeng

Institutional investors have recently made changes to their positions in the stock. Bayforest Capital Ltd raised its position in shares of XPeng by 145.5% in the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock worth $47,000 after acquiring an additional 1,353 shares in the last quarter. Sender Co & Partners Inc. bought a new stake in XPeng in the first quarter worth approximately $360,000. Advisors Asset Management Inc. increased its holdings in XPeng by 14.7% in the first quarter. Advisors Asset Management Inc. now owns 60,757 shares of the company's stock worth $1,259,000 after purchasing an additional 7,787 shares in the last quarter. Royal Bank of Canada lifted its stake in XPeng by 33.6% in the first quarter. Royal Bank of Canada now owns 23,657 shares of the company's stock valued at $490,000 after buying an additional 5,945 shares during the period. Finally, Vident Advisory LLC boosted its holdings in shares of XPeng by 34.1% during the 1st quarter. Vident Advisory LLC now owns 71,919 shares of the company's stock worth $1,490,000 after buying an additional 18,287 shares in the last quarter. Institutional investors 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.