NIO (NYSE:NIO) PT Lowered to $25.80 at Nomura

NIO (NYSE:NIOGet Rating) had its target price cut by Nomura from $51.50 to $25.80 in a report released on Friday, The Fly reports.

Several other analysts also recently issued reports on the stock. UBS Group raised shares of NIO from a neutral rating to a buy rating and cut their target price for the company from $42.00 to $32.00 in a research note on Monday, April 4th. began coverage on shares of NIO in a report on Thursday, March 24th. They issued a buy rating and a $32.40 price objective for the company. Mizuho decreased their price objective on shares of NIO from $55.00 to $48.00 and set a buy rating for the company in a report on Monday, June 27th. HSBC upped their price target on shares of NIO from $26.00 to $28.00 and gave the company a buy rating in a report on Thursday, June 30th. Finally, Bank of America raised shares of NIO from a neutral rating to a buy rating and set a $26.00 price objective for the company in a research report on Monday, May 16th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $38.71.

Shares of NIO stock opened at $21.36 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.02 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $17.99 and a two-hundred day moving average of $21.65. NIO has a 52 week low of $11.67 and a 52 week high of $51.74. The company has a market cap of $35.65 billion, a P/E ratio of -28.86 and a beta of 2.18.

NIO (NYSE:NIOGet Rating) last issued its quarterly earnings data on Thursday, June 9th. The company reported ($0.79) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.03) by $0.24. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.86 billion. NIO had a negative return on equity of 24.99% and a negative net margin of 19.67%. The business’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.48) earnings per share. Analysts expect that NIO will post -0.63 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in NIO by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 89,630 shares of the company’s stock valued at $3,194,000 after purchasing an additional 399 shares during the period. American International Group Inc. raised its position in shares of NIO by 3.4% in the 3rd quarter. American International Group Inc. now owns 18,429 shares of the company’s stock valued at $657,000 after buying an additional 600 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in NIO by 33.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 49,840 shares of the company’s stock worth $1,579,000 after purchasing an additional 12,420 shares in the last quarter. DNB Asset Management AS increased its position in NIO by 20.9% during the 4th quarter. DNB Asset Management AS now owns 833,746 shares of the company’s stock worth $26,413,000 after purchasing an additional 144,250 shares in the last quarter. Finally, IFP Advisors Inc increased its position in NIO by 27.0% during the 4th quarter. IFP Advisors Inc now owns 7,995 shares of the company’s stock worth $255,000 after purchasing an additional 1,699 shares in the last quarter. 42.98% of the stock is owned by institutional investors and hedge funds.

About NIO (Get Rating)

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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