Brokerages Set XPeng Inc. (NYSE:XPEV) PT at $12.08

Shares of XPeng Inc. (NYSE:XPEV) have received a consensus recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.08.

XPEV has been the topic of a number of research reports. Daiwa America upgraded shares of XPeng to a “strong-buy” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. raised XPeng from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $8.00 to $11.50 in a research note on Thursday, September 5th. Daiwa Capital Markets raised XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, May 23rd. Macquarie upgraded XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. Finally, Citigroup cut their target price on shares of XPeng from $8.30 to $7.60 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st.

Institutional Trading of XPeng

A number of institutional investors and hedge funds have recently modified their holdings of XPEV. Scarborough Advisors LLC acquired a new stake in XPeng in the fourth quarter worth $52,000. Natixis acquired a new stake in XPeng during the 1st quarter worth $38,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in XPeng by 122.4% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock worth $39,000 after acquiring an additional 2,920 shares in the last quarter. Blue Trust Inc. grew its stake in XPeng by 2,615.9% in the second quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock valued at $75,000 after acquiring an additional 9,391 shares during the period. Finally, Caas Capital Management LP bought a new stake in shares of XPeng in the fourth quarter worth about $153,000. 23.05% of the stock is owned by institutional investors.

XPeng Trading Down 0.6 %

Shares of XPeng stock opened at $8.92 on Tuesday. XPeng has a 12-month low of $6.55 and a 12-month high of $18.74. The stock has a market capitalization of $8.40 billion, a P/E ratio of -6.02 and a beta of 2.75. The company has a 50-day simple moving average of $7.91 and a 200 day simple moving average of $8.10. The company has a quick ratio of 1.31, a current ratio of 1.50 and a debt-to-equity ratio of 0.18.

XPeng (NYSE:XPEV) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $1.12 billion for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. Research analysts expect that XPeng will post -0.95 earnings per share for the current fiscal year.

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.