NIO Inc. (NYSE:NIO) Receives $6.70 Average Price Target from Analysts

Shares of NIO Inc. (NYSE:NIO) have been assigned an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.57.

Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $6.00 target price on shares of NIO in a report on Friday, May 22nd. The Goldman Sachs Group upgraded NIO from a “neutral” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Monday, July 13th. Zacks Research raised NIO from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Bank of America restated a “neutral” rating and set a $6.80 price target on shares of NIO in a report on Thursday, May 21st.

NIO Stock Performance

NYSE NIO opened at $4.36 on Friday. The firm’s fifty day moving average price is $4.74 and its two-hundred day moving average price is $5.34. The stock has a market cap of $10.83 billion, a PE ratio of -7.93 and a beta of 0.91. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.90 and a current ratio of 1.01. NIO has a fifty-two week low of $4.30 and a fifty-two week high of $8.02.

Institutional Investors Weigh In On NIO

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp raised its stake in shares of NIO by 98.3% during the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after acquiring an additional 2,950 shares during the last quarter. Persistent Asset Partners Ltd bought a new stake in shares of NIO in the second quarter worth $34,000. Global Retirement Partners LLC acquired a new stake in NIO in the second quarter valued at $34,000. Arax Advisory Partners increased its holdings in NIO by 81.6% in the fourth quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after purchasing an additional 3,487 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in NIO during the 4th quarter worth $41,000. 48.55% of the stock is owned by institutional investors.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.