Nio Inc – (NYSE:NIO) Receives Consensus Rating of “Reduce” from Analysts

Shares of Nio Inc – (NYSE:NIO) have been given an average recommendation of “Reduce” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.43.

Several analysts recently commented on NIO shares. Macquarie initiated coverage on NIO in a research note on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective on the stock. Bank of America lowered their target price on NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Sanford C. Bernstein lowered their target price on NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a report on Thursday, March 7th. UBS Group lowered their target price on NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, Mizuho reiterated a “neutral” rating and set a $5.50 target price on shares of NIO in a report on Monday, March 25th.

NIO Stock Performance

Shares of NIO stock opened at $4.15 on Thursday. The company has a market capitalization of $7.13 billion, a PE ratio of -2.37 and a beta of 1.93. NIO has a 12 month low of $3.61 and a 12 month high of $16.18. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $5.10 and its 200 day simple moving average is $6.62.

NIO (NYSE:NIO) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $18.16 billion. NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.51) EPS. On average, research analysts predict that NIO will post -1.26 EPS for the current year.

Hedge Funds Weigh In On NIO

A number of hedge funds and other institutional investors have recently bought and sold shares of NIO. AE Wealth Management LLC grew its holdings in NIO by 91.2% during the third quarter. AE Wealth Management LLC now owns 69,312 shares of the company’s stock worth $627,000 after purchasing an additional 33,057 shares during the period. DnB Asset Management AS lifted its position in NIO by 130.8% during the third quarter. DnB Asset Management AS now owns 153,192 shares of the company’s stock worth $1,385,000 after acquiring an additional 86,814 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in NIO during the third quarter worth approximately $102,000. Meridian Wealth Management LLC lifted its position in NIO by 503.8% during the third quarter. Meridian Wealth Management LLC now owns 89,849 shares of the company’s stock worth $812,000 after acquiring an additional 74,968 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in NIO during the third quarter worth approximately $157,000. Institutional investors own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.