Nio Inc – (NYSE:NIO) Receives $5.38 Average Target Price from Analysts

Shares of Nio Inc – (NYSE:NIO) have been given an average rating of “Hold” by the fourteen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $5.38.

NIO has been the topic of a number of research analyst reports. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and decreased their target price for the company from $4.80 to $3.90 in a research note on Monday, November 25th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th.

NIO Stock Performance

Shares of NIO opened at $4.29 on Wednesday. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of -2.84 and a beta of 1.69. The company’s fifty day moving average is $4.34 and its 200-day moving average is $4.78. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. NIO has a 12 month low of $3.61 and a 12 month high of $7.71.

Hedge Funds Weigh In On NIO

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after buying an additional 3,607 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of NIO in the third quarter valued at about $32,000. Jones Financial Companies Lllp increased its position in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after acquiring an additional 4,332 shares during the period. Callan Family Office LLC acquired a new stake in NIO in the 4th quarter worth about $44,000. Finally, Sava Infond d.o.o. bought a new stake in NIO in the 4th quarter valued at about $44,000. Institutional investors own 48.55% 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.