NIO (NYSE:NIO – Get Rating) had its price objective lowered by Citigroup from $87.00 to $41.10 in a research report sent to investors on Tuesday, The Fly reports. The brokerage currently has a buy rating on the stock.
Other equities analysts also recently issued reports about the stock. Morgan Stanley cut their price target on shares of NIO from $34.00 to $31.00 and set an overweight rating on the stock in a report on Friday, June 10th. UBS Group raised shares of NIO from a neutral rating to a buy rating and lowered their price target for the stock from $42.00 to $32.00 in a research report on Monday, April 4th. Bank of America raised shares of NIO from a neutral rating to a buy rating and set a $26.00 target price for the company in a research report on Monday, May 16th. Nomura decreased their price target on shares of NIO from $67.10 to $51.50 and set a buy rating for the company in a report on Monday, March 28th. Finally, Mizuho cut their price objective on shares of NIO from $60.00 to $55.00 and set a buy rating on the stock in a research note on Friday, June 10th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $42.91.
NIO stock opened at $22.66 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $17.33 and a 200-day moving average of $22.36. The firm has a market cap of $37.82 billion, a P/E ratio of -30.62 and a beta of 2.46. NIO has a 1-year low of $11.67 and a 1-year high of $55.13.
A number of hedge funds have recently bought and sold shares of NIO. Bellevue Group AG bought a new stake in shares of NIO during the fourth quarter valued at about $25,000. Joseph P. Lucia & Associates LLC acquired a new position in NIO during the first quarter worth about $25,000. Endurance Wealth Management Inc. grew its holdings in NIO by 500.0% during the first quarter. Endurance Wealth Management Inc. now owns 1,200 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the period. Leverty Financial Group LLC acquired a new position in NIO during the fourth quarter worth about $31,000. Finally, Harbor Investment Advisory LLC grew its holdings in NIO by 704.2% during the first quarter. Harbor Investment Advisory LLC now owns 1,528 shares of the company’s stock worth $32,000 after acquiring an additional 1,338 shares during the period. Institutional investors own 42.98% of the company’s stock.
NIO Company Profile (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.
- Get a free copy of the StockNews.com research report on NIO (NIO)
- Lululemon Stock Bestows a Buying Opportunity
- Buy the Dip in These 3 Mid-Caps
- Should Silver Stocks Be A Part Of Your Portfolio?
- ABM Industries, A Clean Play For Dirty Economic Times
- This Still Isn’t A Buyable Bottom For Stocks
Receive News & Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter.