Brokerages Set XPENG Inc. Sponsored ADR (NYSE:XPEV) Target Price at $25.40

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have earned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $25.40.

Several equities research analysts have commented on the stock. Bank of America restated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Jefferies Financial Group reiterated a “buy” rating and issued a $25.20 price target on shares of XPENG in a report on Friday, May 29th. Barclays reduced their price objective on shares of XPENG from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday. BNP Paribas Exane downgraded shares of XPENG from a “neutral” rating to an “underperform” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th.

Institutional Investors Weigh In On XPENG

Several institutional investors have recently modified their holdings of XPEV. Royal Bank of Canada grew its holdings in shares of XPENG by 33.6% in the 1st quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock worth $490,000 after acquiring an additional 5,945 shares during the period. Ameriprise Financial Inc. raised its holdings in XPENG by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after purchasing an additional 28,983 shares during the last quarter. Parallel Advisors LLC raised its holdings in XPENG by 11.0% during the third quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock worth $227,000 after purchasing an additional 964 shares during the last quarter. SG Americas Securities LLC boosted its position in XPENG by 7.1% during the fourth quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock worth $23,695,000 after purchasing an additional 77,476 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in XPENG by 161.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after purchasing an additional 1,582 shares in the last quarter. Hedge funds and other institutional investors own 21.09% of the company’s stock.

XPENG Stock Up 0.1%

XPEV opened at $13.54 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89. XPENG has a 12 month low of $11.77 and a 12 month high of $28.24. The stock has a market capitalization of $12.93 billion, a P/E ratio of -39.83 and a beta of 1.12. The business has a 50 day simple moving average of $14.59 and a 200-day simple moving average of $16.93.

XPENG (NYSE:XPEV) last announced its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%. On average, equities analysts anticipate that XPENG will post -0.36 earnings per share for the current fiscal year.

XPENG Company Profile

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.