XPeng Inc. (NYSE:XPEV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

XPeng Inc. (NYSE:XPEV) has received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $11.69.

A number of research firms have recently issued reports on XPEV. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. UBS Group restated a “sell” rating and set a $8.80 price objective (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. Bank of America lowered their target price on XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a research note on Thursday, November 21st. Finally, China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective on the stock in a research report on Friday, November 22nd.

XPeng Trading Down 2.8 %

Shares of XPeng stock opened at $12.48 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The business has a fifty day simple moving average of $12.27 and a two-hundred day simple moving average of $9.82. XPeng has a 1 year low of $6.55 and a 1 year high of $15.68. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of -14.34 and a beta of 2.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Primecap Management Co. CA increased its holdings in XPeng by 5.6% in the 2nd quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock valued at $120,369,000 after buying an additional 872,160 shares during the period. Bank of Montreal Can increased its stake in XPeng by 212.1% in the second quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock valued at $31,910,000 after acquiring an additional 2,724,549 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in XPeng in the third quarter valued at approximately $22,047,000. Point72 Europe London LLP acquired a new position in XPeng during the second quarter valued at approximately $5,923,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in XPeng during the third quarter worth $6,233,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.