Brokerages Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) Target Price at $32.85

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $32.85.

Separately, Cfra Research upgraded shares of Li Auto from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 10th.

Li Auto Stock Up 1.1%

LI opened at $30.84 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87. The company has a market capitalization of $32.29 billion, a PE ratio of 29.37, a P/E/G ratio of 1.24 and a beta of 0.95. The stock’s fifty day moving average is $28.22 and its 200-day moving average is $26.15. Li Auto has a one year low of $17.44 and a one year high of $33.12.

Li Auto (NASDAQ:LI) last announced its earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.21 earnings per share. On average, equities analysts predict that Li Auto will post 0.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its holdings in Li Auto by 4.4% during the fourth quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock worth $244,000 after buying an additional 428 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Li Auto by 9.6% during the first quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company’s stock worth $155,000 after buying an additional 538 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in Li Auto by 2.2% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock valued at $604,000 after buying an additional 547 shares during the period. US Bancorp DE lifted its position in shares of Li Auto by 9.0% in the first quarter. US Bancorp DE now owns 10,255 shares of the company’s stock valued at $258,000 after buying an additional 844 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Li Auto by 7.8% during the 2nd quarter. QRG Capital Management Inc. now owns 14,378 shares of the company’s stock worth $390,000 after acquiring an additional 1,035 shares during the period. 9.88% of the stock is owned by institutional investors.

Li Auto Company Profile

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.