XPeng Inc. (NYSE:XPEV) Given Average Rating of “Buy” by Analysts

XPeng Inc. (NYSE:XPEVGet Rating) has earned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $50.45.

A number of research analysts recently weighed in on the stock. began coverage on shares of XPeng in a research report on Thursday, March 24th. They set a “buy” rating and a $55.60 price target on the stock. Morgan Stanley dropped their target price on shares of XPeng from $71.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 23rd. Macquarie began coverage on XPeng in a research note on Wednesday, January 12th. They issued an “outperform” rating on the stock. Citigroup decreased their price target on XPeng from $92.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, March 29th. Finally, HSBC began coverage on XPeng in a research report on Friday, April 1st. They issued a “buy” rating and a $37.00 price objective on the stock.

A number of institutional investors have recently made changes to their positions in XPEV. BlackRock Inc. lifted its holdings in XPeng by 14.8% during the third quarter. BlackRock Inc. now owns 20,021,650 shares of the company’s stock valued at $711,571,000 after purchasing an additional 2,584,129 shares during the last quarter. Capital World Investors raised its position in shares of XPeng by 22.6% in the third quarter. Capital World Investors now owns 16,300,752 shares of the company’s stock valued at $579,329,000 after purchasing an additional 3,000,154 shares during the period. State Street Corp lifted its stake in shares of XPeng by 2.0% during the 4th quarter. State Street Corp now owns 7,652,576 shares of the company’s stock valued at $385,154,000 after buying an additional 151,104 shares in the last quarter. Primecap Management Co. CA boosted its holdings in XPeng by 1.3% in the 4th quarter. Primecap Management Co. CA now owns 6,767,487 shares of the company’s stock worth $340,608,000 after buying an additional 86,710 shares during the period. Finally, Norges Bank purchased a new position in XPeng in the 4th quarter valued at approximately $241,853,000. Institutional investors and hedge funds own 27.01% of the company’s stock.

Shares of XPeng stock opened at $23.72 on Thursday. XPeng has a 52 week low of $18.01 and a 52 week high of $56.45. The company has a quick ratio of 2.56, a current ratio of 2.71 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $28.40 and a 200-day moving average price of $38.83. The company has a market cap of $19.06 billion, a PE ratio of -26.07 and a beta of 6.48.

XPeng (NYSE:XPEVGet Rating) last released its quarterly earnings results on Monday, March 28th. The company reported ($0.24) EPS for the quarter. XPeng had a negative net margin of 23.12% and a negative return on equity of 12.79%. The company had revenue of $1.34 billion during the quarter. During the same period in the prior year, the firm earned ($0.16) earnings per share. As a group, research analysts anticipate that XPeng will post -1.32 EPS for the current year.

XPeng Company Profile (Get Rating)

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 name; and four-door sports sedan under the P7 name. The company also provides sales contract, maintenance, super charging, vehicle leasing, and ride-hailing services.

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Analyst Recommendations for XPeng (NYSE:XPEV)

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