Nio Receives Consensus Rating of “Hold” from Brokerages

Nio Inc – (NYSE:NIO) has been given an average rating of “Hold” by the fourteen research firms that are presently covering the firm, Marketbeat.com reports.

Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a 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 $14.92.

Several research analysts have recently commented on NIO shares. Zacks Investment Research raised NIO from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, August 18th. Piper Sandler reissued a “neutral” rating and issued a $14.00 price target (up from $4.00) on shares of NIO in a research report on Wednesday, August 12th.

Bank of America reissued a “buy” rating and issued a $18.00 price target on shares of NIO in a research report on Wednesday, August 12th. Citigroup boosted their price target on NIO from $16.00 to $18.10 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Finally, Deutsche Bank began coverage on NIO in a research report on Tuesday, September 8th. They set a “buy” rating and a $24.00 target price on the stock.

Shares of NYSE NIO opened at $21.18 on Friday. The firm has a market cap of $21.73 billion, a PE ratio of -18.58 and a beta of 2.86. NIO has a twelve month low of $1.36 and a twelve month high of $22.59. The business has a fifty day simple moving average of $17.65 and a two-hundred day simple moving average of $9.22.

NIO (NYSE:NIO) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.73). The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.51 billion. The company’s quarterly revenue was up 146.5% on a year-over-year basis. During the same period last year, the firm posted ($3.11) earnings per share. On average, equities research analysts anticipate that NIO will post -0.73 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. grew its stake in NIO by 18.1% during the 2nd quarter. SRS Capital Advisors Inc. now owns 6,495 shares of the company’s stock valued at $50,000 after purchasing an additional 995 shares during the last quarter. Level Four Advisory Services LLC grew its stake in NIO by 10.5% during the 2nd quarter. Level Four Advisory Services LLC now owns 15,300 shares of the company’s stock valued at $119,000 after purchasing an additional 1,450 shares during the last quarter. Advisory Services Network LLC grew its stake in NIO by 16.3% during the 2nd quarter. Advisory Services Network LLC now owns 12,862 shares of the company’s stock valued at $99,000 after purchasing an additional 1,800 shares during the last quarter. Total Investment Management Inc. grew its stake in NIO by 19.0% during the 2nd quarter. Total Investment Management Inc. now owns 12,500 shares of the company’s stock valued at $97,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its stake in NIO by 4.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 47,675 shares of the company’s stock valued at $368,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 39.43% 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.

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