XPeng Inc. (NYSE:XPEV) Receives $16.28 Consensus PT from Brokerages

XPeng Inc. (NYSE:XPEV) has been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.28.

A number of analysts recently issued reports on XPEV shares. Macquarie assumed coverage on XPeng in a research note on Monday, April 15th. They set a “neutral” rating and a $7.00 target price for the company. Citigroup raised shares of XPeng from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $7.70 to $8.30 in a research report on Tuesday, June 25th. Daiwa Capital Markets raised shares of XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday, May 23rd. Finally, Daiwa America upgraded XPeng to a “strong-buy” rating in a report on Thursday, May 23rd.

Institutional Investors Weigh In On XPeng

Several large investors have recently made changes to their positions in XPEV. Compagnie Lombard Odier SCmA grew its holdings in XPeng by 322.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after purchasing an additional 1,450 shares during the period. Scarborough Advisors LLC acquired a new position in shares of XPeng during the 4th quarter worth approximately $52,000. Rakuten Securities Inc. acquired a new position in shares of XPeng during the 4th quarter worth approximately $59,000. Natixis bought a new stake in XPeng in the 1st quarter valued at $38,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in XPeng during the 4th quarter valued at $102,000. Institutional investors and hedge funds own 23.05% of the company’s stock.

XPeng Trading Up 5.2 %

Shares of NYSE XPEV opened at $7.71 on Thursday. XPeng has a twelve month low of $6.55 and a twelve month high of $23.62. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of -5.21 and a beta of 2.80. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average is $8.02 and its 200-day moving average is $9.24.

XPeng (NYSE:XPEV) last posted its earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. The business had revenue of $906.90 million for the quarter. Equities research analysts predict that XPeng will post -0.96 EPS for the current year.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.