NIO (NYSE:NIO) Stock Rating Lowered by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of NIO (NYSE:NIO - Free Report) from a neutral rating to a sell rating in a research note issued to investors on Monday morning, Marketbeat.com reports. The Goldman Sachs Group currently has $3.90 price target on the stock, down from their previous price target of $4.80.

A number of other equities analysts have also commented on the company. Bank of America raised their price target on NIO from $5.00 to $5.30 and gave the stock a "neutral" rating in a report on Thursday, September 5th. Wolfe Research initiated coverage on shares of NIO in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and raised their target price for the company from $5.30 to $8.00 in a research note on Friday, September 6th. Citigroup lowered their price target on NIO from $8.50 to $7.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. Finally, Macquarie lowered shares of NIO from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NIO currently has an average rating of "Hold" and an average target price of $5.71.

NIO Stock Down 3.3 %

Shares of NYSE NIO traded down $0.16 during trading on Monday, hitting $4.68. The stock had a trading volume of 41,978,070 shares, compared to its average volume of 56,825,703. NIO has a 12 month low of $3.61 and a 12 month high of $9.57. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a fifty day moving average of $5.49 and a two-hundred day moving average of $4.90. The company has a market capitalization of $8.05 billion, a PE ratio of -3.16 and a beta of 1.91.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting the consensus estimate of ($2.21). The company had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm's revenue for the quarter was up 98.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.51) earnings per share. As a group, equities research analysts forecast that NIO will post -1.39 EPS for the current fiscal year.

Institutional Trading of NIO

Several large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. boosted its stake in shares of NIO by 164.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company's stock valued at $26,891,000 after purchasing an additional 4,018,659 shares in the last quarter. FMR LLC grew its holdings in shares of NIO by 5,388.5% during the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company's stock worth $36,038,000 after acquiring an additional 5,296,601 shares during the period. Quadrature Capital Ltd raised its position in shares of NIO by 32.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock worth $14,756,000 after acquiring an additional 538,907 shares in the last quarter. Krane Funds Advisors LLC grew its stake in NIO by 31.7% in the second quarter. Krane Funds Advisors LLC now owns 1,538,781 shares of the company's stock worth $6,401,000 after purchasing an additional 370,556 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in NIO by 32.1% in the second quarter. Bank of New York Mellon Corp now owns 1,416,709 shares of the company's stock worth $5,894,000 after purchasing an additional 343,910 shares in the last quarter. Institutional investors own 48.55% of the company's stock.

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.