NIO (NYSE:NIO) Rating Lowered to Sell at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of NIO (NYSE:NIO) from a neutral rating to a sell rating in a research report report published on Monday morning, MarketBeat reports. They currently have $3.90 target price on the stock, down from their previous target price of $4.80.

Other analysts have also recently issued reports about the company. Wolfe Research assumed coverage on NIO in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Citigroup dropped their price objective on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $5.30 to $8.00 in a research report on Friday, September 6th. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and cut their price target for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Finally, Daiwa America upgraded NIO to a “strong-buy” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NIO has an average rating of “Hold” and a consensus target price of $5.71.

NIO Price Performance

NIO has a twelve month low of $3.61 and a twelve month high of $9.57. The firm’s fifty day moving average price is $5.44 and its two-hundred day moving average price is $4.88. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market cap of $7.53 billion, a P/E ratio of -2.90 and a beta of 1.91.

NIO (NYSE:NIO) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting analysts’ consensus estimates of ($2.21). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. The business’s revenue for the quarter was up 98.9% on a year-over-year basis. During the same period last year, the firm posted ($0.51) earnings per share. On average, research analysts anticipate that NIO will post -1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its holdings in shares of NIO by 2.4% in the 3rd quarter. Tidal Investments LLC now owns 280,140 shares of the company’s stock worth $1,871,000 after purchasing an additional 6,545 shares during the period. Sanctuary Advisors LLC raised its stake in shares of NIO by 63.1% in the third quarter. Sanctuary Advisors LLC now owns 82,859 shares of the company’s stock valued at $553,000 after buying an additional 32,069 shares during the period. Toronto Dominion Bank raised its stake in shares of NIO by 1,652,962.5% in the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock valued at $883,000 after buying an additional 132,237 shares during the period. Main Management ETF Advisors LLC purchased a new position in shares of NIO during the 3rd quarter valued at $1,327,000. Finally, XTX Topco Ltd bought a new position in shares of NIO during the 3rd quarter worth $1,178,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Company Profile

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.