NIO (NYSE:NIO) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of NIO (NYSE:NIO – Get Rating) in a research note released on Monday morning, MarketBeat.com reports. The brokerage currently has a $11.27 price objective on the stock, down from their previous price objective of $42.30. Jefferies Financial Group also issued estimates for NIO’s FY2022 earnings at ($0.99) EPS, FY2023 earnings at ($0.50) EPS, FY2024 earnings at ($0.17) EPS, FY2025 earnings at $0.55 EPS and FY2026 earnings at $0.95 EPS.

NIO has been the subject of a number of other reports. UBS Group cut NIO from a buy rating to a neutral rating and decreased their price objective for the stock from $32.00 to $13.00 in a research note on Thursday, November 17th. Citigroup decreased their price target on NIO from $41.10 to $31.30 and set a buy rating for the company in a research note on Thursday, September 8th. Deutsche Bank Aktiengesellschaft increased their price target on NIO from $20.00 to $21.00 and gave the company a buy rating in a research note on Monday, November 21st. Sanford C. Bernstein decreased their price target on NIO from $25.00 to $15.00 in a research note on Thursday, November 10th. Finally, China Renaissance cut NIO from a buy rating to a hold rating and decreased their price target for the company from $24.30 to $12.30 in a research note on Monday, November 14th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, NIO currently has an average rating of Moderate Buy and a consensus price target of $24.05.

NIO Trading Down 5.4 %

Shares of NYSE NIO opened at $12.09 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.59 and a quick ratio of 1.42. The stock has a market capitalization of $20.18 billion, a P/E ratio of -12.09 and a beta of 1.74. NIO has a 1-year low of $8.38 and a 1-year high of $39.68. The business has a fifty day moving average price of $12.08 and a 200 day moving average price of $17.00.

NIO (NYSE:NIO – Get Rating) last issued its quarterly earnings data on Wednesday, September 7th. The company reported ($0.25) earnings per share for the quarter. The company had revenue of $10.29 billion for the quarter, compared to analysts’ expectations of $9.77 billion. NIO had a negative return on equity of 32.66% and a negative net margin of 24.94%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) earnings per share. Equities research analysts expect that NIO will post -0.86 EPS for the current fiscal year.

Institutional Trading of NIO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Activest Wealth Management grew its holdings in NIO by 65.8% during the second quarter. Activest Wealth Management now owns 1,406 shares of the company’s stock worth $31,000 after acquiring an additional 558 shares during the period. Tyler Stone Wealth Management grew its holdings in NIO by 174.2% in the second quarter. Tyler Stone Wealth Management now owns 1,574 shares of the company’s stock valued at $34,000 after purchasing an additional 1,000 shares during the period. Oliver Lagore Vanvalin Investment Group grew its holdings in NIO by 988.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,904 shares of the company’s stock valued at $41,000 after purchasing an additional 1,729 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in NIO by 47.2% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 2,201 shares of the company’s stock valued at $48,000 after purchasing an additional 706 shares during the period. Finally, Strengthening Families & Communities LLC grew its holdings in NIO by 637.9% in the third quarter. Strengthening Families & Communities LLC now owns 2,354 shares of the company’s stock valued at $36,000 after purchasing an additional 2,035 shares during the period. 31.52% of the stock is owned by institutional investors and hedge funds.

NIO Company Profile

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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.