XPeng Inc. (NYSE:XPEV) Receives $11.49 Average PT from Brokerages

Shares of XPeng Inc. (NYSE:XPEV) have earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.49.

A number of research firms have recently weighed in on XPEV. Bank of America dropped their target price on XPeng from $12.70 to $11.70 and set a “buy” rating on the stock in a report on Tuesday, July 16th. Daiwa America upgraded XPeng to a “strong-buy” rating in a research note on Thursday, May 23rd. Citigroup raised shares of XPeng from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $7.70 to $8.30 in a report on Tuesday, June 25th. Finally, Daiwa Capital Markets raised shares of XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, May 23rd.

XPeng Stock Down 6.0 %

Shares of NYSE XPEV opened at $6.77 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.32. XPeng has a 1 year low of $6.55 and a 1 year high of $19.96. The stock has a market capitalization of $6.38 billion, a P/E ratio of -4.57 and a beta of 2.76. The company has a 50-day moving average price of $7.74 and a 200-day moving average price of $8.20.

XPeng (NYSE:XPEV) last released its quarterly earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $906.90 million for the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. On average, equities research analysts forecast that XPeng will post -0.91 EPS for the current fiscal year.

Institutional Trading of XPeng

A number of large investors have recently added to or reduced their stakes in XPEV. Primecap Management Co. CA boosted its stake in XPeng by 5.6% in the second quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock valued at $120,369,000 after acquiring an additional 872,160 shares during the last quarter. RWC Asset Advisors US LLC lifted its stake in XPeng by 170.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 4,434,392 shares of the company’s stock valued at $64,698,000 after purchasing an additional 2,793,550 shares during the last quarter. Bank of Montreal Can grew its holdings in XPeng by 212.1% during the second quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock valued at $31,910,000 after purchasing an additional 2,724,549 shares during the period. Norges Bank bought a new position in XPeng during the fourth quarter valued at $41,993,000. Finally, Robeco Schweiz AG increased its position in XPeng by 3.8% in the fourth quarter. Robeco Schweiz AG now owns 2,336,330 shares of the company’s stock worth $34,087,000 after buying an additional 85,000 shares during the last quarter. Hedge funds and other institutional investors own 23.05% of the company’s stock.

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.