Nio Inc – (NYSE:NIO) Receives $5.71 Average Target Price from Analysts

Shares of Nio Inc – (NYSE:NIO) have been given a consensus rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $5.71.

A number of brokerages recently issued reports on NIO. JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Citigroup dropped their price target on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Daiwa America raised NIO to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Wolfe Research assumed coverage on NIO in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC boosted its position in shares of NIO by 11.5% in the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after purchasing an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in NIO by 15.5% during the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after buying an additional 2,588 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of NIO by 22.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after buying an additional 2,651 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of NIO by 4.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company’s stock valued at $262,000 after acquiring an additional 2,915 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its position in shares of NIO by 12.9% in the 2nd quarter. Greenwich Wealth Management LLC now owns 29,027 shares of the company’s stock valued at $121,000 after acquiring an additional 3,315 shares during the period. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Price Performance

Shares of NIO stock opened at $4.78 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock’s fifty day simple moving average is $5.20 and its 200 day simple moving average is $4.84. NIO has a one year low of $3.61 and a one year high of $9.57. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of -3.16 and a beta of 1.77.

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.