XPeng's (XPEV) "Neutral" Rating Reaffirmed at Daiwa Capital Markets

XPeng (NYSE:XPEV - Get Free Report)'s stock had its "neutral" rating restated by stock analysts at Daiwa Capital Markets in a note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $24.00 target price on the stock. Daiwa Capital Markets' price objective would suggest a potential upside of 10.07% from the company's current price.

A number of other brokerages have also recently commented on XPEV. Citigroup upgraded XPeng from a "neutral" rating to a "buy" rating and increased their price target for the company from $13.70 to $29.00 in a research note on Monday, March 10th. 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 report on Thursday, November 21st. Bank of America raised their target price on XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a research note on Wednesday. Nomura upgraded XPeng from a "neutral" rating to a "buy" rating and raised their target price for the company from $14.00 to $30.00 in a research note on Wednesday. Finally, UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and lifted their price target for the company from $8.80 to $18.00 in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, XPeng presently has an average rating of "Hold" and a consensus price target of $21.84.

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XPeng Stock Down 1.2 %

Shares of XPeng stock traded down $0.27 during trading on Wednesday, reaching $21.81. The stock had a trading volume of 12,586,942 shares, compared to its average volume of 13,199,864. XPeng has a 52 week low of $6.55 and a 52 week high of $27.16. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of -25.06 and a beta of 2.68. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $18.29 and a two-hundred day moving average price of $14.09.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating 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%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. Sell-side analysts predict that XPeng will post -0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in shares of XPeng during the 4th quarter valued at $70,000. Vise Technologies Inc. bought a new stake in shares of XPeng in the 4th quarter worth about $142,000. Vident Advisory LLC increased its holdings in shares of XPeng by 7.6% in the 4th quarter. Vident Advisory LLC now owns 53,632 shares of the company's stock worth $634,000 after buying an additional 3,810 shares during the last quarter. Twinbeech Capital LP increased its holdings in shares of XPeng by 22.4% in the 4th quarter. Twinbeech Capital LP now owns 407,097 shares of the company's stock worth $4,812,000 after buying an additional 74,574 shares during the last quarter. Finally, Polar Capital Holdings Plc bought a new position in XPeng during the 4th quarter valued at about $6,596,000. Hedge funds and other institutional investors own 21.09% of the company's stock.

XPeng Company Profile

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.