ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Receives Average Recommendation of “Buy” from Brokerages

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) have received an average rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $32.02.

A number of equities analysts have issued reports on ZK shares. CICC Research started coverage on ZEEKR Intelligent Technology in a research report on Friday. They issued an “outperform” rating and a $31.74 target price on the stock. Macquarie started coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Bank of America cut their target price on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Several institutional investors and hedge funds have recently made changes to their positions in ZK. Prudential PLC acquired a new stake in ZEEKR Intelligent Technology in the second quarter worth $4,194,000. Westwood Holdings Group Inc. acquired a new stake in ZEEKR Intelligent Technology in the second quarter worth $1,288,000. Marshall Wace LLP acquired a new stake in ZEEKR Intelligent Technology in the second quarter worth $347,000. Sandia Investment Management LP acquired a new stake in ZEEKR Intelligent Technology in the second quarter worth $94,000. Finally, Point72 Asset Management L.P. acquired a new stake in ZEEKR Intelligent Technology in the second quarter worth $20,388,000.

ZEEKR Intelligent Technology Stock Up 24.2 %

NYSE ZK traded up $5.60 on Friday, reaching $28.71. The company had a trading volume of 2,111,750 shares, compared to its average volume of 775,111. ZEEKR Intelligent Technology has a 1 year low of $13.00 and a 1 year high of $32.24. The firm’s 50-day moving average is $19.14.

ZEEKR Intelligent Technology (NYSE:ZK) last released its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share for the quarter. The business had revenue of $2.76 billion during the quarter. Sell-side analysts anticipate that ZEEKR Intelligent Technology will post -2.2 EPS for the current fiscal year.

ZEEKR Intelligent Technology Company Profile

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.