Mizuho Lowers NIO (NYSE:NIO) Price Target to $4.20

NIO (NYSE:NIO - Get Free Report) had its price target decreased by analysts at Mizuho from $5.00 to $4.20 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Mizuho's target price indicates a potential upside of 5.40% from the stock's current price.

Several other brokerages have also issued reports on NIO. HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group downgraded shares of NIO from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NIO currently has a consensus rating of "Hold" and an average price target of $5.00.

NIO Price Performance

Shares of NIO stock traded down $0.24 during trading hours on Monday, reaching $3.99. The stock had a trading volume of 156,463,122 shares, compared to its average volume of 55,451,544. The stock's fifty day simple moving average is $4.44 and its 200 day simple moving average is $4.85. The firm has a market capitalization of $8.32 billion, a PE ratio of -2.64 and a beta of 1.81. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. NIO has a 12 month low of $3.61 and a 12 month high of $7.71.

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NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the prior year, the business posted ($2.81) EPS. NIO's quarterly revenue was up 15.2% on a year-over-year basis. On average, equities research analysts predict that NIO will post -1.43 EPS for the current year.

Institutional Trading of NIO

Several large investors have recently modified their holdings of NIO. PDS Planning Inc lifted its holdings in NIO by 13.0% in the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company's stock worth $99,000 after buying an additional 2,627 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in NIO by 25.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock worth $59,000 after acquiring an additional 2,712 shares during the period. Franklin Resources Inc. lifted its stake in NIO by 20.4% in the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after acquiring an additional 2,788 shares during the period. Perigon Wealth Management LLC boosted its holdings in NIO by 24.1% in the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock valued at $61,000 after acquiring an additional 2,867 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in NIO by 17.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock valued at $94,000 after purchasing an additional 3,152 shares during the period. 48.55% of the stock is owned by institutional investors.

About NIO

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.