NIO (NYSE:NIO) Upgraded at Dbs Bank

Dbs Bank upgraded shares of NIO (NYSE:NIO) from a hold rating to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities analysts have also issued reports on the company. HSBC upgraded NIO from a “hold” rating to a “buy” rating and lifted their target price for the company from $4.80 to $6.80 in a research note on Friday, March 13th. Nomura upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target on the stock in a report on Wednesday, March 11th. Barclays lifted their price objective on shares of NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Friday, November 28th. UBS Group lowered shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Bank of America reissued a “neutral” rating on shares of NIO in a research report on Tuesday, March 10th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, NIO currently has a consensus rating of “Hold” and a consensus price target of $6.80.

NIO Trading Down 2.1%

Shares of NYSE:NIO opened at $5.84 on Monday. The company has a market capitalization of $13.41 billion, a PE ratio of -6.02 and a beta of 1.11. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 2.08. NIO has a 12-month low of $3.02 and a 12-month high of $8.02. The business’s fifty day simple moving average is $4.94 and its 200-day simple moving average is $5.77.

Institutional Investors Weigh In On NIO

Institutional investors have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in NIO by 3,966.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock worth $20,255,000 after acquiring an additional 5,185,565 shares during the period. Savant Capital LLC acquired a new position in shares of NIO in the second quarter valued at about $75,000. PNC Financial Services Group Inc. increased its holdings in shares of NIO by 56.4% in the second quarter. PNC Financial Services Group Inc. now owns 28,299 shares of the company’s stock valued at $97,000 after purchasing an additional 10,210 shares during the period. Main Management ETF Advisors LLC raised its stake in shares of NIO by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 222,057 shares of the company’s stock worth $762,000 after purchasing an additional 3,612 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of NIO by 5.0% in the second quarter. Handelsbanken Fonder AB now owns 762,362 shares of the company’s stock worth $2,615,000 after purchasing an additional 36,348 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.