XPeng (NYSE:XPEV - Free Report) had its target price increased by Barclays from $7.00 to $20.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.
A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. Nomura Securities upgraded shares of XPeng to a "strong-buy" rating in a report on Tuesday, March 18th. Bank of America increased their price target on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. China Renaissance upgraded shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price objective on the stock in a report on Friday, November 22nd. Finally, Macquarie reiterated a "neutral" rating and set a $18.00 target price on shares of XPeng in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, XPeng has a consensus rating of "Hold" and an average price target of $21.84.
Check Out Our Latest Research Report on XPeng
XPeng Trading Down 1.8 %
NYSE XPEV traded down $0.39 on Thursday, hitting $21.42. The company's stock had a trading volume of 7,764,244 shares, compared to its average volume of 12,839,492. The firm has a market cap of $20.17 billion, a P/E ratio of -24.61 and a beta of 2.68. XPeng has a 52-week low of $6.55 and a 52-week high of $27.16. The company's 50-day simple moving average is $18.29 and its 200 day simple moving average is $14.09. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.
XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($1.36) by $1.17. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. Research analysts predict that XPeng will post -0.96 EPS for the current fiscal year.
Institutional Trading of XPeng
A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in shares of XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after buying an additional 898 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after acquiring an additional 2,564 shares during the period. Lindbrook Capital LLC raised its holdings in shares of XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after purchasing an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new position in XPeng during the fourth quarter valued at approximately $41,000. Finally, Natixis bought a new stake in XPeng in the 4th quarter worth approximately $43,000. Institutional investors own 21.09% of the company's stock.
About XPeng
(
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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.
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