NIO (NYSE:NIO) Given New $8.60 Price Target at Citigroup

NIO (NYSE:NIO) had its price target lifted by Citigroup from $8.10 to $8.60 in a research report sent to investors on Tuesday, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on NIO. UBS Group raised NIO from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $6.20 to $8.50 in a research report on Tuesday, September 16th. Bank of America lifted their price target on shares of NIO from $5.00 to $7.10 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $4.80 to $8.00 in a research note on Tuesday, August 26th. Morgan Stanley restated a “buy” rating on shares of NIO in a research report on Monday, July 14th. Finally, Barclays dropped their target price on shares of NIO from $4.00 to $3.00 and set an “underweight” rating for the company in a report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.35.

NIO Trading Up 0.4%

Shares of NIO stock opened at $6.94 on Tuesday. NIO has a 1-year low of $3.02 and a 1-year high of $7.71. The company’s fifty day simple moving average is $5.55 and its 200-day simple moving average is $4.44. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.71. The stock has a market capitalization of $14.47 billion, a PE ratio of -4.33 and a beta of 1.20.

NIO (NYSE:NIO) last announced its earnings results on Tuesday, September 2nd. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $20.07 billion. During the same period in the prior year, the business posted ($2.21) earnings per share. NIO’s revenue for the quarter was up 9.0% compared to the same quarter last year. NIO has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that NIO will post -1.43 earnings per share for the current year.

Institutional Trading of NIO

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vident Advisory LLC boosted its stake in NIO by 60.6% during the fourth quarter. Vident Advisory LLC now owns 53,937 shares of the company’s stock worth $235,000 after buying an additional 20,349 shares during the period. Annex Advisory Services LLC bought a new stake in shares of NIO in the 1st quarter worth about $47,000. SG Americas Securities LLC boosted its stake in shares of NIO by 83.3% during the 1st quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company’s stock worth $8,038,000 after purchasing an additional 958,750 shares during the period. Azzad Asset Management Inc. ADV grew its holdings in NIO by 44.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 39,492 shares of the company’s stock valued at $150,000 after purchasing an additional 12,080 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in NIO in the 1st quarter worth about $60,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.