Piper Sandler raises earnings estimate for Niu

Niu Technologies – (NASDAQ:NIU) – Equities researchers at Piper Sandler boosted their FY2020 earnings per share (EPS) estimates for shares of Niu Technologies in a report issued on Sunday, October 11th.

Piper Sandler analyst A. Potter now expects that the company will post earnings per share of $0.42 for the year, up from their previous forecast of $0.34. Piper Sandler has a “Overweight” rating and a $31.00 price objective on the stock. Piper Sandler also issued estimates for Niu Technologies’ Q4 2020 earnings at $0.16 EPS, Q1 2021 earnings at $0.18 EPS, Q4 2021 earnings at $0.20 EPS and FY2021 earnings at $0.73 EPS.

Several other equities analysts also recently issued reports on NIU. Citigroup downgraded Niu Technologies from a “buy” rating to a “neutral” rating and set a $23.50 target price on the stock. in a research report on Monday, August 17th. Zacks Investment Research raised Niu Technologies from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, August 19th.

Needham & Company LLC reissued a “buy” rating and issued a $30.00 target price on shares of Niu Technologies in a research report on Friday, October 9th. Finally, BidaskClub raised Niu Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $24.10.

Shares of NIU opened at $27.37 on Wednesday. The stock has a fifty day moving average price of $20.59 and a 200-day moving average price of $15.39. Niu Technologies has a 12 month low of $6.08 and a 12 month high of $28.49. The firm has a market cap of $2.04 billion, a PE ratio of 97.75, a P/E/G ratio of 2.10 and a beta of 1.20.

Niu Technologies (NASDAQ:NIU) last issued its quarterly earnings data on Monday, August 17th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. Niu Technologies had a return on equity of 20.01% and a net margin of 7.63%. The firm had revenue of $91.29 million during the quarter, compared to analyst estimates of $98.55 million.

A number of institutional investors and hedge funds have recently made changes to their positions in NIU. Public Employees Retirement System of Ohio acquired a new stake in Niu Technologies during the 2nd quarter worth about $126,000. Exane Derivatives purchased a new stake in shares of Niu Technologies during the 2nd quarter worth about $194,000. Envestnet Asset Management Inc. purchased a new stake in shares of Niu Technologies during the 3rd quarter worth about $205,000. Marshall Wace North America L.P. purchased a new stake in shares of Niu Technologies during the 2nd quarter worth about $227,000. Finally, Leap Investments LP purchased a new stake in shares of Niu Technologies during the 2nd quarter worth about $246,000. 18.26% of the stock is currently owned by institutional investors.

About Niu Technologies

Niu Technologies designs, manufactures, and sells smart e-scooters in the People’s Republic of China. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The company sells and services its products through city partner system, as well as through own online store and third-party e-commerce platforms.

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