XPeng (NYSE:XPEV) Rating Increased to Buy at The Goldman Sachs Group

XPeng (NYSE:XPEV - Get Free Report) was upgraded by investment analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a report issued on Tuesday, MarketBeat Ratings reports. The firm presently has a $24.00 price target on the stock, up from their previous price target of $16.40. The Goldman Sachs Group's target price suggests a potential upside of 28.69% from the company's previous close.

A number of other equities research analysts have also weighed in on XPEV. JPMorgan Chase & Co. dropped their price objective on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. Nomura Securities raised XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th. Bank of America increased their price objective on XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a report on Wednesday, March 19th. UBS Group raised XPeng from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Finally, Nomura upgraded XPeng from a "neutral" rating to a "buy" rating and upped their target price for the company from $14.00 to $30.00 in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, XPeng has an average rating of "Moderate Buy" and a consensus price target of $23.73.

XPeng Price Performance

Shares of NYSE XPEV opened at $18.65 on Tuesday. XPeng has a fifty-two week low of $6.60 and a fifty-two week high of $27.16. The company has a market cap of $17.70 billion, a PE ratio of -21.44 and a beta of 2.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The business has a 50-day simple moving average of $19.63 and a two-hundred day simple moving average of $17.69.

XPeng (NYSE:XPEV - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($1.51) by $1.41. The company had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $15.80 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. As a group, equities analysts expect that XPeng will post -0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of XPEV. Farther Finance Advisors LLC grew its stake in shares of XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after purchasing an additional 532 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after purchasing an additional 898 shares during the period. Atlas Capital Advisors Inc. boosted its holdings in XPeng by 651.0% during the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock worth $31,000 after buying an additional 1,302 shares in the last quarter. Garde Capital Inc. acquired a new stake in XPeng during the first quarter valued at $39,000. Finally, Lindbrook Capital LLC grew its position in XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after buying an additional 1,138 shares during the period. 21.09% of the stock is owned by institutional investors and hedge funds.

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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