NIO (NYSE:NIO) Stock Rating Upgraded by Daiwa America

by · The Cerbat Gem

Daiwa America upgraded shares of NIO (NYSE:NIO – Free Report) to a strong-buy rating in a research note released on Monday morning, Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Citigroup lowered their target price on NIO from $8.50 to $7.00 and set a buy rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upgraded NIO from a neutral rating to an overweight rating and boosted their price objective for the company from $5.30 to $8.00 in a research report on Friday, September 6th. Wolfe Research initiated coverage on NIO in a report on Thursday, September 5th. They issued a peer perform rating on the stock. Finally, Bank of America lifted their price objective on shares of NIO from $5.00 to $5.30 and gave the company a neutral rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $5.93.

View Our Latest Report on NIO

NIO Trading Down 6.9 %

NYSE NIO opened at $6.72 on Monday. NIO has a 52 week low of $3.61 and a 52 week high of $9.57. The company has a market cap of $11.54 billion, a price-to-earnings ratio of -3.97 and a beta of 1.82. The business has a 50 day moving average price of $4.73 and a 200-day moving average price of $4.73. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71.

NIO (NYSE:NIO – Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($2.21). The company had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The firm’s revenue for the quarter was up 98.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.51) EPS. As a group, equities analysts expect that NIO will post -1.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its stake in NIO by 2.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock valued at $371,000 after purchasing an additional 2,000 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of NIO by 13.9% during the first quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock worth $75,000 after purchasing an additional 2,038 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in NIO by 22.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after purchasing an additional 2,651 shares in the last quarter. Cantor Fitzgerald L. P. grew its holdings in NIO by 23.0% in the 4th quarter. Cantor Fitzgerald L. P. now owns 14,548 shares of the company’s stock valued at $132,000 after buying an additional 2,719 shares in the last quarter. Finally, First Affirmative Financial Network raised its stake in NIO by 26.4% during the first quarter. First Affirmative Financial Network now owns 13,256 shares of the company’s stock worth $60,000 after purchasing an additional 2,768 shares during the period. 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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