Nio Inc – (NYSE:NIO) Receives Consensus Rating of “Hold” from Analysts

Nio Inc – (NYSE:NIO) has been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.71.

A number of analysts have weighed in on NIO shares. The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and lowered their price target for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Daiwa America raised shares of NIO to a “strong-buy” rating in a report on Monday, September 30th. Finally, Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th.

NIO Trading Up 1.8 %

NIO stock opened at $4.63 on Tuesday. NIO has a 1-year low of $3.61 and a 1-year high of $8.47. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $4.71 and its 200-day moving average is $4.80. The firm has a market cap of $7.96 billion, a P/E ratio of -3.07 and a beta of 1.77.

Institutional Trading of NIO

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in shares of NIO in the 2nd quarter valued at $1,076,000. International Assets Investment Management LLC lifted its stake in shares of NIO by 580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 392,343 shares of the company’s stock valued at $2,621,000 after purchasing an additional 334,723 shares during the period. Toronto Dominion Bank boosted its position in shares of NIO by 1,652,962.5% in the 3rd quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock worth $883,000 after purchasing an additional 132,237 shares during the last quarter. FMR LLC grew its stake in shares of NIO by 5,388.5% during the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after purchasing an additional 5,296,601 shares during the period. Finally, Main Management ETF Advisors LLC bought a new stake in NIO in the third quarter valued at about $1,327,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Company Profile

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.