Citigroup upgraded shares of XPeng (NYSE:XPEV – Free Report) from a sell rating to a neutral rating in a research report sent to investors on Tuesday morning, Marketbeat reports. The firm currently has $8.30 target price on the stock, up from their previous target price of $7.70.
A number of other research analysts have also recently issued reports on XPEV. Daiwa America raised XPeng to a strong-buy rating in a research note on Thursday, May 23rd. Daiwa Capital Markets upgraded shares of XPeng from a neutral rating to a buy rating and set a $11.00 target price for the company in a report on Thursday, May 23rd. Finally, Macquarie initiated coverage on shares of XPeng in a report on Monday, April 15th. They set a neutral rating and a $7.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, XPeng has a consensus rating of Hold and an average price target of $16.28.
View Our Latest Report on XPEV
XPeng Trading Down 4.7 %
XPeng (NYSE:XPEV – Get Free Report) last released its earnings results on Tuesday, May 21st. The company reported ($0.20) EPS for the quarter. The firm had revenue of $906.90 million during the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. Equities research analysts forecast that XPeng will post -0.96 earnings per share for the current fiscal year.
Institutional Investors Weigh In On XPeng
A number of large investors have recently added to or reduced their stakes in XPEV. Compagnie Lombard Odier SCmA boosted its stake 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 acquiring an additional 1,450 shares during the last quarter. Natixis purchased a new position in shares of XPeng during the 1st quarter worth $38,000. Scarborough Advisors LLC purchased a new position in shares of XPeng during the 4th quarter worth $52,000. Rakuten Securities Inc. purchased a new position in shares of XPeng during the 4th quarter worth $59,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of XPeng during the 4th quarter valued at $102,000. Institutional investors own 23.05% 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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