Li Auto Inc. (NASDAQ:LI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $33.94.

A number of brokerages recently commented on LI. Macquarie reiterated a “neutral” rating and issued a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Bank of America increased their price objective on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Citigroup boosted their price objective on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a report on Monday, September 30th. JPMorgan Chase & Co. decreased their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Finally, Barclays raised their price objective on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th.

Li Auto Trading Up 2.9 %

Shares of Li Auto stock opened at $24.33 on Tuesday. The firm’s 50 day simple moving average is $24.50 and its two-hundred day simple moving average is $22.23. The firm has a market capitalization of $25.81 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.26 and a beta of 0.99. Li Auto has a 12-month low of $17.44 and a 12-month high of $46.44. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13.

Li Auto (NASDAQ:LI) last released its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The firm had revenue of $4.36 billion for the quarter. Analysts predict that Li Auto will post 1.04 EPS for the current year.

Institutional Investors Weigh In On Li Auto

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Li Auto by 2,556.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after acquiring an additional 3,493,881 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Li Auto during the 2nd quarter worth $21,626,000. American Century Companies Inc. boosted its stake in Li Auto by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock worth $12,993,000 after purchasing an additional 123,838 shares during the last quarter. Ariose Capital Management Ltd purchased a new stake in shares of Li Auto during the third quarter worth $18,099,000. Finally, FIFTHDELTA Ltd acquired a new stake in shares of Li Auto in the first quarter valued at about $14,816,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.