XPeng Inc. (NYSE:XPEV - Get Free Report) has earned a consensus recommendation of "Buy" from the seven ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.08.
Several equities research analysts recently issued reports on the stock. Daiwa America raised shares of XPeng to a "strong-buy" rating in a report on Thursday, May 23rd. Bank of America dropped their price target on XPeng from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st. Citigroup reduced their target price on shares of XPeng from $8.30 to $7.60 and set a "neutral" rating on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised XPeng from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $8.00 to $11.50 in a research note on Thursday, September 5th. Finally, Macquarie upgraded shares of XPeng from a "neutral" rating to an "outperform" rating in a research report on Friday, August 30th.
Check Out Our Latest Stock Report on XPEV
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in XPEV. Jump Financial LLC bought a new stake in XPeng during the 4th quarter worth approximately $326,000. Norges Bank purchased a new position in XPeng during the 4th quarter worth $41,993,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of XPeng in the fourth quarter valued at about $527,000. Primecap Management Co. CA lifted its position in shares of XPeng by 5.3% during the fourth quarter. Primecap Management Co. CA now owns 12,497,823 shares of the company's stock valued at $182,343,000 after purchasing an additional 624,926 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of XPeng during the fourth quarter valued at about $360,000. Institutional investors own 23.05% of the company's stock.
XPeng Price Performance
Shares of XPeng stock traded up $0.23 during trading on Tuesday, reaching $8.75. 9,494,960 shares of the company's stock were exchanged, compared to its average volume of 12,993,193. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. XPeng has a 1-year low of $6.55 and a 1-year high of $19.04. The firm's 50-day moving average price is $7.82 and its 200 day moving average price is $8.10.
About XPeng
(
Get Free ReportXPeng 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.
Read More
Before you consider XPeng, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and XPeng wasn't on the list.
While XPeng currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
