Brokerages Set Nio Inc - (NYSE:NIO) Target Price at $5.03

Shares of Nio Inc - (NYSE:NIO - Get Free Report) have earned a consensus rating of "Hold" from the eleven brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.03.

NIO has been the topic of a number of analyst reports. The Goldman Sachs Group downgraded NIO from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.

Institutional Investors Weigh In On NIO

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

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NIO Price Performance

NIO traded down $0.21 on Friday, hitting $4.51. 82,569,065 shares of the company's stock were exchanged, compared to its average volume of 55,261,448. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of -2.98 and a beta of 1.81. The firm has a 50-day moving average price of $4.43 and a 200-day moving average price of $4.86. 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 (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.81) earnings per share. As a group, equities analysts anticipate that NIO will post -1.43 earnings per share for the current year.

NIO Company Profile

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.