Li Auto (NASDAQ:LI) Stock Rating Lowered by Macquarie

Li Auto (NASDAQ:LI) was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating in a report issued on Friday, Marketbeat reports. They presently have a $21.00 price target on the stock, down from their prior price target of $28.00. Macquarie’s price objective would suggest a potential downside of 12.72% from the stock’s previous close.

A number of other brokerages have also issued reports on LI. BNP Paribas began coverage on Li Auto in a research report on Monday, August 18th. They issued a “strong sell” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $28.00 target price (down previously from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. BNP Paribas Exane began coverage on Li Auto in a research report on Monday, August 18th. They issued an “underperform” rating and a $18.00 target price on the stock. Cfra Research raised Li Auto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 10th. Finally, Sanford C. Bernstein set a $26.00 price target on Li Auto and gave the company a “market perform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $27.89.

Li Auto Stock Up 2.6%

Shares of Li Auto stock opened at $24.06 on Friday. The business’s 50 day simple moving average is $26.85 and its 200 day simple moving average is $26.63. Li Auto has a 52-week low of $17.44 and a 52-week high of $33.12. The firm has a market cap of $25.19 billion, a PE ratio of 22.91, a P/E/G ratio of 1.39 and a beta of 0.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87.

Li Auto (NASDAQ:LI) last announced its earnings results on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the business posted $1.21 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Li Auto has set its Q2 2025 guidance at EPS. On average, analysts predict that Li Auto will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Li Auto

A number of institutional investors have recently modified their holdings of LI. Elevation Point Wealth Partners LLC acquired a new position in shares of Li Auto during the 2nd quarter worth $27,000. MAI Capital Management raised its holdings in shares of Li Auto by 2,236.0% during the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company’s stock worth $32,000 after buying an additional 1,118 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Li Auto during the 1st quarter worth $33,000. Summit Securities Group LLC acquired a new position in shares of Li Auto during the 1st quarter worth $50,000. Finally, CX Institutional acquired a new position in shares of Li Auto during the 1st quarter worth $72,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

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.