Li Auto Inc. (NASDAQ:LI) Receives Consensus Rating of “Buy” from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $47.36.

A number of brokerages have weighed in on LI. The Goldman Sachs Group began coverage on Li Auto in a research note on Wednesday, January 3rd. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and reduced their price objective for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Barclays reduced their price objective on Li Auto from $56.00 to $39.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Macquarie began coverage on Li Auto in a research note on Monday. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Morgan Stanley reduced their price objective on Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, March 25th.

Li Auto Stock Performance

Shares of LI opened at $29.18 on Friday. The stock has a 50 day moving average price of $33.65 and a 200 day moving average price of $34.15. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $30.96 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. Li Auto has a 52-week low of $21.48 and a 52-week high of $47.33.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. The firm had revenue of $5.88 billion during the quarter. Research analysts predict that Li Auto will post 1.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LI. Captrust Financial Advisors grew its holdings in Li Auto by 584.1% during the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock worth $28,000 after acquiring an additional 917 shares during the period. IFP Advisors Inc grew its holdings in Li Auto by 233.3% during the second quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock worth $35,000 after acquiring an additional 700 shares during the period. Scarborough Advisors LLC acquired a new position in Li Auto during the fourth quarter worth $41,000. Concourse Financial Group Securities Inc. grew its holdings in Li Auto by 186.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after acquiring an additional 930 shares during the period. Finally, Rakuten Securities Inc. acquired a new stake in Li Auto in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc, through its subsidiaries, operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.