XPeng Inc. (NYSE:XPEV) Receives $22.20 Average PT from Analysts

Shares of XPeng Inc. (NYSE:XPEV) have been given a consensus rating of “Hold” by the thirteen brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $22.20.

A number of research analysts have commented on XPEV shares. JPMorgan Chase & Co. reduced their price target on shares of XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 19th. Nomura upgraded shares of XPeng from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $30.00 in a research report on Wednesday, March 19th. Nomura Securities upgraded shares of XPeng to a “strong-buy” rating in a research report on Tuesday, March 18th. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and raised their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Finally, Daiwa America cut shares of XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th.

XPeng Trading Down 1.3%

Shares of XPeng stock opened at $19.73 on Friday. The stock has a fifty day simple moving average of $20.01 and a 200 day simple moving average of $16.72. XPeng has a 12-month low of $6.60 and a 12-month high of $27.16. The company has a market capitalization of $18.72 billion, a P/E ratio of -22.68 and a beta of 2.64. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

XPeng (NYSE:XPEV) last posted its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($1.36) by $1.17. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. On average, sell-side analysts anticipate that XPeng will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in XPeng by 70.1% in the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company’s stock valued at $27,000 after purchasing an additional 532 shares during the period. EverSource Wealth Advisors LLC boosted its stake in XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after buying an additional 898 shares during the last quarter. Atlas Capital Advisors Inc. boosted its stake in XPeng by 651.0% during the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company’s stock worth $31,000 after buying an additional 1,302 shares during the last quarter. Avior Wealth Management LLC boosted its stake in XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after buying an additional 2,564 shares during the last quarter. Finally, Garde Capital Inc. acquired a new position in XPeng during the first quarter worth $39,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.