XPeng Inc. Sponsored ADR (NYSE:XPEV) Receives $23.85 Consensus PT from Brokerages

Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $23.8538.

A number of equities research analysts recently commented on XPEV shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPeng in a report on Wednesday, October 8th. Citigroup upped their price objective on shares of XPeng from $29.00 to $29.40 and gave the stock a “buy” rating in a report on Wednesday, August 20th. CLSA upgraded shares of XPeng to a “strong-buy” rating in a report on Monday, September 22nd. Bank of America upped their price objective on shares of XPeng from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 19th. Finally, BNP Paribas Exane started coverage on shares of XPeng in a report on Monday, August 18th. They issued a “neutral” rating and a $19.00 price objective for the company.

XPeng Trading Down 0.8%

NYSE:XPEV opened at $21.20 on Wednesday. The company has a fifty day moving average of $21.64 and a 200 day moving average of $19.99. XPeng has a 52 week low of $10.42 and a 52 week high of $27.16. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $20.12 billion, a P/E ratio of -33.65 and a beta of 2.54.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XPEV. Farther Finance Advisors LLC raised its holdings in XPeng by 70.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company’s stock worth $27,000 after purchasing an additional 532 shares in the last quarter. PFG Investments LLC purchased a new stake in shares of XPeng in the 1st quarter worth about $258,000. Garde Capital Inc. purchased a new stake in shares of XPeng in the 1st quarter worth about $39,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of XPeng in the 1st quarter worth about $260,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of XPeng in the 1st quarter worth about $210,000. 21.09% of the stock is currently owned by institutional investors.

About XPeng

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.