Nio Inc – (NYSE:NIO) Receives $5.38 Average PT from Brokerages

Shares of Nio Inc – (NYSE:NIO) have earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.38.

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Hsbc Global Res downgraded shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

NIO Stock Performance

NYSE:NIO opened at $4.29 on Wednesday. The stock’s 50-day moving average is $4.34 and its 200-day moving average is $4.78. The stock has a market cap of $8.94 billion, a P/E ratio of -2.84 and a beta of 1.69. NIO has a 1-year low of $3.61 and a 1-year high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

Institutional Investors Weigh In On NIO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of NIO during the third quarter valued at approximately $32,000. Jones Financial Companies Lllp lifted its holdings in shares of NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after buying an additional 4,332 shares in the last quarter. Callan Family Office LLC purchased a new position in shares of NIO in the fourth quarter worth $44,000. Finally, Sava Infond d.o.o. bought a new position in shares of NIO during the fourth quarter worth $44,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

About NIO

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.