BNP Paribas Exane Upgrades Li Auto (NASDAQ:LI) to “Neutral”

Li Auto (NASDAQ:LI) was upgraded by stock analysts at BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a report released on Wednesday, MarketBeat reports.

Several other research analysts have also recently commented on the company. Macquarie Infrastructure set a $15.00 price target on Li Auto in a research report on Thursday, January 15th. Sanford C. Bernstein set a $19.00 price objective on Li Auto and gave the stock a “market perform” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. increased their price objective on Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Li Auto in a research note on Friday, March 27th. Finally, The Goldman Sachs Group lowered shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Li Auto currently has an average rating of “Hold” and a consensus target price of $18.55.

Li Auto Stock Performance

Shares of NASDAQ:LI opened at $18.65 on Wednesday. The company’s 50-day moving average price is $18.04 and its two-hundred day moving average price is $18.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.68. Li Auto has a one year low of $15.71 and a one year high of $32.03. The stock has a market capitalization of $19.92 billion, a PE ratio of 143.47 and a beta of 0.60.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Sunday, March 22nd. The company reported ($0.06) EPS for the quarter. The business had revenue of $545.61 million for the quarter. Li Auto had a return on equity of 1.52% and a net margin of 0.99%. On average, equities analysts forecast that Li Auto will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC lifted its holdings in Li Auto by 1.0% during the 2nd quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after purchasing an additional 856 shares during the last quarter. Aberdeen Group plc raised its position in shares of Li Auto by 3.1% in the third quarter. Aberdeen Group plc now owns 28,842 shares of the company’s stock valued at $731,000 after purchasing an additional 872 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Li Auto by 8.6% during the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after buying an additional 951 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Li Auto by 4.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock worth $459,000 after buying an additional 1,121 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in shares of Li Auto by 9.6% during the 4th quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock worth $233,000 after buying an additional 1,208 shares during the period. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Company Profile

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.