XPeng Inc. (NYSE:XPEV) Receives Average Rating of "Hold" from Analysts

XPeng Inc. (NYSE:XPEV - Get Free Report) has received a consensus rating of "Hold" from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.20.

XPEV has been the topic of several recent analyst reports. Bank of America boosted their price target on XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, March 19th. UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and increased their price target for the company from $8.80 to $18.00 in a research note on Monday, February 24th. Daiwa Capital Markets restated a "neutral" rating and set a $24.00 price objective on shares of XPeng in a research note on Wednesday, March 19th. Citigroup upgraded shares of XPeng from a "neutral" rating to a "buy" rating and raised their target price for the company from $13.70 to $29.00 in a research note on Monday, March 10th. Finally, Sanford C. Bernstein set a $18.00 price objective on XPeng and gave the company a "market perform" rating in a research note on Wednesday, March 19th.

XPeng Stock Up 5.5 %

XPEV traded up $1.09 during trading hours on Friday, hitting $20.79. 10,812,151 shares of the company's stock were exchanged, compared to its average volume of 13,049,898. The stock has a market cap of $19.58 billion, a price-to-earnings ratio of -23.89 and a beta of 2.68. XPeng has a 1-year low of $6.55 and a 1-year high of $27.16. The stock's 50-day moving average is $19.05 and its two-hundred day moving average is $14.51. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

Remove Ads

XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. Sell-side analysts predict that XPeng will post -0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPeng

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after purchasing an additional 898 shares during the period. Avior Wealth Management LLC grew its stake in XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after buying an additional 2,564 shares in the last quarter. Lindbrook Capital LLC increased its holdings in XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after buying an additional 1,138 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of XPeng in the 4th quarter valued at approximately $41,000. Finally, Natixis bought a new stake in shares of XPeng during the 4th quarter worth approximately $43,000. Institutional investors own 21.09% of the company's stock.

About XPeng

XPeng 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.