Li Auto’s (LI) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Li Auto (NASDAQ:LI) in a report released on Thursday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has a $28.00 target price on the stock, down from their previous target price of $33.00.

Separately, Cfra Research raised Li Auto from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.85.

Li Auto Stock Performance

LI opened at $24.19 on Thursday. The firm has a market cap of $25.33 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Li Auto has a 52-week low of $17.44 and a 52-week high of $33.12. 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 business’s fifty day moving average is $27.38 and its 200-day moving average is $26.62.

Li Auto (NASDAQ:LI) last released its earnings results on Thursday, May 29th. The company reported $0.08 earnings per share (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 analyst estimates of $3.45 billion. Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. Sell-side analysts expect that Li Auto will post 0.96 EPS for the current fiscal year.

Institutional Trading of Li Auto

Large investors have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC acquired a new stake in shares of Li Auto during the second quarter valued at about $27,000. MAI Capital Management boosted its stake in shares of Li Auto by 2,236.0% during the second quarter. MAI Capital Management now owns 1,168 shares of the company’s stock valued at $32,000 after purchasing an additional 1,118 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Li Auto during the first quarter valued at about $33,000. Summit Securities Group LLC acquired a new stake in shares of Li Auto during the first quarter valued at about $50,000. Finally, CX Institutional acquired a new stake in shares of Li Auto during the first quarter valued at about $72,000. 9.88% of the stock is owned by institutional investors and hedge funds.

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.