Nio Inc – (NYSE:NIO) Given Consensus Rating of “Hold” by Brokerages

Shares of Nio Inc – (NYSE:NIO) have been assigned an average recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.11.

A number of analysts have commented on the stock. Macquarie upgraded shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.60 price objective for the company in a report on Monday, October 28th. Citigroup reduced their price objective on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Daiwa America raised NIO to a “strong-buy” rating in a research note on Monday, September 30th. Wolfe Research assumed coverage on shares of NIO in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Bank of America raised their price objective on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research report on Thursday, September 5th.

NIO Stock Up 1.4 %

Shares of NYSE NIO opened at $4.49 on Monday. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of -2.95 and a beta of 1.91. The company’s 50-day simple moving average is $5.57 and its 200-day simple moving average is $4.93. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. NIO has a 52-week low of $3.61 and a 52-week high of $9.57.

NIO (NYSE:NIO) last announced its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting analysts’ consensus estimates of ($2.21). NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The company had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same quarter last year, the firm posted ($0.51) EPS. The firm’s revenue for the quarter was up 98.9% on a year-over-year basis. Equities analysts predict that NIO will post -1.37 EPS for the current fiscal year.

Institutional Trading of NIO

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Main Management ETF Advisors LLC acquired a new stake in shares of NIO in the third quarter valued at $1,327,000. XTX Topco Ltd acquired a new position in NIO in the 3rd quarter valued at about $1,178,000. Quadrature Capital Ltd increased its stake in NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after purchasing an additional 538,907 shares during the period. Hilltop Holdings Inc. acquired a new stake in shares of NIO during the third quarter worth about $130,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in shares of NIO in the third quarter valued at approximately $377,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

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.