XPeng (NYSE:XPEV) Upgraded to “Strong-Buy” at Daiwa America

Daiwa America upgraded shares of XPeng (NYSE:XPEV) to a strong-buy rating in a report published on Thursday, Zacks.com reports.

Other analysts also recently issued reports about the stock. Macquarie started coverage on shares of XPeng in a research report on Monday, April 15th. They issued a neutral rating and a $7.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of XPeng from $19.00 to $9.00 and set a neutral rating on the stock in a report on Friday, February 23rd. Finally, Daiwa Capital Markets raised shares of XPeng from a neutral rating to a buy rating and set a $11.00 price objective for the company in a research report on Thursday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, XPeng has an average rating of Hold and an average price target of $16.89.

XPeng Trading Up 1.2 %

Shares of XPEV stock traded up $0.10 during mid-day trading on Thursday, reaching $8.20. The company’s stock had a trading volume of 8,066,700 shares, compared to its average volume of 17,734,810. XPeng has a 12-month low of $6.55 and a 12-month high of $23.62. The firm has a market capitalization of $7.72 billion, a PE ratio of -5.54 and a beta of 2.84. The company has a quick ratio of 1.36, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. The company’s 50 day simple moving average is $8.07 and its 200-day simple moving average is $10.91.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. The business had revenue of $1.84 billion during the quarter. On average, research analysts predict that XPeng will post -1.08 EPS for the current fiscal year.

Institutional Investors Weigh In On XPeng

Institutional investors and hedge funds have recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA grew its position in shares of XPeng by 322.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after buying an additional 1,450 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of XPeng in the 3rd quarter valued at $65,000. Scarborough Advisors LLC acquired a new stake in XPeng in the 4th quarter valued at about $52,000. Rakuten Securities Inc. purchased a new position in XPeng during the 4th quarter worth approximately $59,000. Finally, Natixis acquired a new position in XPeng during the first quarter worth $38,000. 23.05% of the stock is owned by hedge funds and other institutional investors.

About XPeng

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.