Li Auto Inc. (NASDAQ:LI) Receives $36.36 Consensus Target Price from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $33.07.

Several brokerages have recently issued reports on LI. JPMorgan Chase & Co. dropped their target price on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Citigroup raised their target price on Li Auto from $21.60 to $25.50 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Finally, Bank of America increased their price objective on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 29th.

Li Auto Price Performance

NASDAQ:LI opened at $25.78 on Monday. The stock has a market capitalization of $27.35 billion, a PE ratio of 17.19 and a beta of 0.96. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $20.17 and its 200-day moving average price is $22.97.

Li Auto (NASDAQ:LI) last announced its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. The business had revenue of $4.36 billion during the quarter.

Institutional Investors Weigh In On Li Auto

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Li Auto by 58.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock valued at $28,000 after buying an additional 573 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Li Auto by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 12,664 shares of the company’s stock valued at $474,000 after purchasing an additional 641 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Li Auto by 7.0% in the first quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock valued at $316,000 after acquiring an additional 685 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in shares of Li Auto by 2.6% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company’s stock valued at $554,000 after buying an additional 800 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Li Auto by 5.2% in the 1st quarter. US Bancorp DE now owns 19,784 shares of the company’s stock valued at $599,000 after purchasing an additional 970 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.