Barclays Lowers Li Auto (NASDAQ:LI) to Equal Weight

Li Auto (NASDAQ:LI) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $25.00 target price on the stock, down from their previous target price of $39.00. Barclays‘s price objective indicates a potential downside of 0.16% from the stock’s previous close.

A number of other equities analysts have also issued reports on LI. The Goldman Sachs Group began coverage on shares of Li Auto in a research report on Wednesday, January 3rd. They set a “buy” rating for the company. Macquarie started coverage on shares of Li Auto in a report on Monday, April 15th. They set an “outperform” rating and a $40.00 target price for the company. Morgan Stanley lowered their price target on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Bank of America reduced their price objective on Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and lowered their target price for the stock from $45.00 to $41.00 in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.36.

Li Auto Price Performance

Shares of LI opened at $25.04 on Thursday. The firm has a market capitalization of $26.57 billion, a PE ratio of 16.15 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. The company’s fifty day moving average price is $32.95 and its 200-day moving average price is $33.74. Li Auto has a 1-year low of $22.26 and a 1-year high of $47.33.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The business had revenue of $5.88 billion for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. On average, equities research analysts predict that Li Auto will post 1.97 EPS for the current year.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. grew its stake in Li Auto by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,458 shares of the company’s stock valued at $515,000 after acquiring an additional 469 shares during the period. Signaturefd LLC lifted its holdings in Li Auto by 7.1% during the third quarter. Signaturefd LLC now owns 8,613 shares of the company’s stock valued at $307,000 after purchasing an additional 569 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Li Auto by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 12,664 shares of the company’s stock valued at $474,000 after purchasing an additional 641 shares during the period. CWM LLC increased its stake in shares of Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company’s stock worth $65,000 after purchasing an additional 676 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Li Auto by 7.6% during the 4th quarter. Quadrant Capital Group LLC now owns 10,497 shares of the company’s stock worth $393,000 after purchasing an additional 745 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.