XPeng (NYSE:XPEV) Upgraded by Nomura to “Buy” Rating

XPeng (NYSE:XPEV) was upgraded by investment analysts at Nomura from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $30.00 target price on the stock, up from their prior target price of $14.00. Nomura’s price objective points to a potential upside of 32.66% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Macquarie reissued a “neutral” rating and set a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and boosted their price target for the company from $8.80 to $18.00 in a research note on Monday, February 24th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research note on Friday, November 22nd. Sanford C. Bernstein boosted their price target on XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Finally, Citigroup upgraded XPeng from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.70 to $29.00 in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, XPeng has a consensus rating of “Moderate Buy” and a consensus price target of $18.77.

XPeng Price Performance

Shares of NYSE:XPEV opened at $22.62 on Wednesday. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $27.16. 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 stock has a market capitalization of $21.30 billion, a P/E ratio of -25.99 and a beta of 2.68. The business has a 50-day moving average of $17.67 and a two-hundred day moving average of $13.79.

XPeng (NYSE:XPEV) last posted its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($1.36) by $1.17. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. On average, equities research analysts predict that XPeng will post -0.96 EPS for the current fiscal year.

Institutional Investors Weigh In On XPeng

Several large investors have recently modified their holdings of the stock. Alibaba Group Holding Ltd grew its stake in shares of XPeng by 21.2% in the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock valued at $448,678,000 after purchasing an additional 6,650,000 shares during the period. TMT General Partner Ltd bought a new stake in XPeng during the 4th quarter worth approximately $205,501,000. JPMorgan Chase & Co. grew its position in XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock worth $54,354,000 after acquiring an additional 4,227,055 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in XPeng during the 3rd quarter worth approximately $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in XPeng by 947.5% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock worth $20,800,000 after acquiring an additional 1,591,750 shares during the last quarter. 21.09% of the stock is currently owned by institutional investors.

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.