NIO (NYSE:NIO) Upgraded at Wall Street Zen
Wall Street Zen upgraded NIO from a "strong sell" to a "hold" rating. Other brokerages have also adjusted their ratings, with Barclays lowering its price target to $3.00, while JPMorgan raised it to $8.00. NIO's stock currently has an average rating of "Hold" and a consensus price target of $5.83. The company reported a quarterly EPS of ($0.32), missing estimates, with revenue of $2.65 billion, up 9% year-over-year. Institutional investors own 48.55% of NIO's stock, which designs and sells electric vehicles in China.
NIO (NYSE:NIO - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued on Monday.
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Several other brokerages have also recently issued reports on NIO. Barclays decreased their price objective on NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a report on Wednesday, June 4th. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $4.80 to $8.00 in a research report on Tuesday, August 26th. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a report on Monday, July 14th. Bank of America increased their price target on shares of NIO from $5.00 to $7.10 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Finally, Mizuho raised their price target on shares of NIO from $3.50 to $6.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.83.
Get Our Latest Analysis on NIO
NIO Stock Performance
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Shares of NYSE NIO opened at $5.94 on Monday. The company has a 50 day simple moving average of $4.83 and a two-hundred day simple moving average of $4.26. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of -3.71 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 1.89. NIO has a 12 month low of $3.02 and a 12 month high of $7.71.
NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business earned ($2.21) EPS. NIO has set its Q3 2025 guidance at EPS. As a group, analysts predict that NIO will post -1.43 earnings per share for the current year.
Institutional Investors Weigh In On NIO
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Xponance Inc. purchased a new position in shares of NIO in the first quarter valued at approximately $39,000. Blueshift Asset Management LLC purchased a new position in NIO in the 1st quarter valued at $43,000. Hedeker Wealth LLC acquired a new stake in NIO during the 2nd quarter worth $43,000. Annex Advisory Services LLC acquired a new stake in NIO during the 1st quarter worth $47,000. Finally, May Hill Capital LLC purchased a new stake in shares of NIO during the first quarter worth $48,000. Hedge funds and other institutional investors own 48.55% of the company's stock.
About NIO
(Get Free Report)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.
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