NIO (NYSE:NIO) Earns Neutral Rating from Analysts at Macquarie

Macquarie began coverage on shares of NIO (NYSE:NIO) in a research note published on Monday morning, MarketBeat reports. The firm issued a neutral rating and a $5.00 target price on the stock.

Several other analysts also recently issued reports on the stock. UBS Group decreased their price objective on shares of NIO from $8.00 to $7.20 and set a neutral rating for the company in a research note on Thursday, March 14th. JPMorgan Chase & Co. decreased their price objective on shares of NIO from $5.00 to $4.80 and set an underweight rating for the company in a research note on Wednesday, March 6th. Barclays reissued an underweight rating and issued a $4.00 price objective (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Bank of America decreased their price target on shares of NIO from $7.50 to $6.50 and set a neutral rating for the company in a research note on Wednesday, March 6th. Finally, Jefferies Financial Group decreased their price target on shares of NIO from $8.30 to $5.90 and set a hold rating for the company in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $8.43.

NIO Trading Down 5.4 %

Shares of NIO stock opened at $3.89 on Monday. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of -2.22 and a beta of 1.93. The business has a 50-day moving average price of $5.33 and a 200-day moving average price of $6.82. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. NIO has a twelve month low of $3.82 and a twelve month high of $16.18.

NIO (NYSE:NIO) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.51) EPS. Equities research analysts anticipate that NIO will post -1.26 EPS for the current fiscal year.

Hedge Funds Weigh In On NIO

A number of large investors have recently bought and sold shares of the business. Sound Income Strategies LLC raised its stake in NIO by 3,333.3% in the first quarter. Sound Income Strategies LLC now owns 10,300 shares of the company’s stock worth $46,000 after buying an additional 10,000 shares in the last quarter. Strategic Planning Group LLC grew its holdings in shares of NIO by 23.8% during the first quarter. Strategic Planning Group LLC now owns 329,320 shares of the company’s stock valued at $1,482,000 after buying an additional 63,400 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of NIO during the first quarter valued at $107,000. International Assets Investment Management LLC grew its holdings in shares of NIO by 46.1% during the first quarter. International Assets Investment Management LLC now owns 26,820 shares of the company’s stock valued at $124,000 after buying an additional 8,462 shares during the last quarter. Finally, First Affirmative Financial Network grew its holdings in shares of NIO by 26.4% during the first quarter. First Affirmative Financial Network now owns 13,256 shares of the company’s stock valued at $60,000 after buying an additional 2,768 shares during the last quarter. Institutional investors own 48.55% of the company’s stock.

About NIO

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.