NIO Inc. (NYSE:NIO) Receives Consensus Recommendation of “Hold” from Brokerages

NIO Inc. (NYSE:NIO) has been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.80.

Several equities research analysts recently weighed in on NIO shares. Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. HSBC raised NIO from a “hold” rating to a “buy” rating and lifted their price target for the stock from $4.80 to $6.80 in a research note on Friday, March 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NIO in a research report on Monday, December 29th. Barclays increased their price objective on NIO from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Friday, November 28th. Finally, Citigroup cut their target price on shares of NIO from $8.60 to $6.90 and set a “buy” rating on the stock in a report on Wednesday, November 26th.

NIO Stock Up 0.9%

Shares of NYSE:NIO opened at $5.78 on Thursday. The stock’s 50-day moving average price is $5.05 and its 200-day moving average price is $5.75. NIO has a 12-month low of $3.02 and a 12-month high of $8.02. The stock has a market capitalization of $13.29 billion, a P/E ratio of -5.96 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.

Institutional Investors Weigh In On NIO

A number of large investors have recently added to or reduced their stakes in NIO. Hsbc Holdings PLC raised its stake in shares of NIO by 48.8% during the fourth quarter. Hsbc Holdings PLC now owns 680,382 shares of the company’s stock valued at $3,445,000 after acquiring an additional 223,178 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of NIO by 12.5% during the fourth quarter. Corient Private Wealth LLC now owns 61,129 shares of the company’s stock worth $312,000 after purchasing an additional 6,772 shares during the period. MV Capital Management Inc. bought a new stake in shares of NIO in the fourth quarter worth about $42,000. Compound Planning Inc. grew its stake in shares of NIO by 12.9% in the fourth quarter. Compound Planning Inc. now owns 41,449 shares of the company’s stock worth $211,000 after purchasing an additional 4,721 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in NIO by 47.8% during the 4th quarter. Invesco Ltd. now owns 3,997,775 shares of the company’s stock valued at $20,389,000 after purchasing an additional 1,292,715 shares during the period. Institutional investors own 48.55% of the company’s stock.

About NIO

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.