Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) have received a consensus rating of "Buy" from the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.42.
A number of equities analysts have commented on the stock. Macquarie upgraded shares of XPeng from a "neutral" rating to an "outperform" rating in a research note on Friday, August 30th. Citigroup reduced their price objective on 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. upgraded XPeng from a "neutral" rating to an "overweight" rating and raised their price target for the company from $8.00 to $11.50 in a research note on Thursday, September 5th. Finally, Bank of America lowered their price objective on shares of XPeng from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st.
View Our Latest Stock Report on XPeng
Institutional Investors Weigh In On XPeng
Large investors have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in shares of XPeng by 17.6% in the first quarter. Van ECK Associates Corp now owns 232,428 shares of the company's stock worth $1,785,000 after purchasing an additional 34,788 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of XPeng by 35.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 978,588 shares of the company's stock worth $7,516,000 after purchasing an additional 257,300 shares during the last quarter. Capstone Investment Advisors LLC lifted its position in XPeng by 399.0% during the first quarter. Capstone Investment Advisors LLC now owns 123,271 shares of the company's stock valued at $947,000 after purchasing an additional 98,569 shares during the period. SG Americas Securities LLC boosted its holdings in XPeng by 292.7% in the first quarter. SG Americas Securities LLC now owns 265,106 shares of the company's stock valued at $2,036,000 after purchasing an additional 197,601 shares during the last quarter. Finally, OPTIMAS CAPITAL Ltd grew its position in XPeng by 18.3% during the 1st quarter. OPTIMAS CAPITAL Ltd now owns 82,776 shares of the company's stock worth $636,000 after purchasing an additional 12,776 shares during the period. Hedge funds and other institutional investors own 23.05% of the company's stock.
XPeng Trading Down 2.2 %
Shares of XPEV traded down $0.25 during midday trading on Wednesday, hitting $11.35. The stock had a trading volume of 9,068,544 shares, compared to its average volume of 13,506,669. XPeng has a 1 year low of $6.55 and a 1 year high of $18.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. The stock's 50 day moving average is $10.13 and its 200 day moving average is $8.67. The firm has a market cap of $10.69 billion, a PE ratio of -9.31 and a beta of 2.79.
XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $1.12 billion during the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. As a group, analysts forecast that XPeng will post -0.96 EPS for the current fiscal year.
XPeng Company Profile
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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.
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