NIO (NYSE:NIO) Lowered to “Hold” Rating by HSBC

HSBC downgraded shares of NIO (NYSE:NIO) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, Marketbeat reports.

Several other equities research analysts have also issued reports on the stock. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a report on Monday, September 30th. Finally, The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $4.80 to $3.90 in a report on Monday, November 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.71.

NIO Price Performance

NIO stock opened at $4.32 on Tuesday. The firm has a 50-day moving average price of $4.65 and a 200-day moving average price of $4.80. The firm has a market capitalization of $7.43 billion, a PE ratio of -2.86 and a beta of 1.70. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. NIO has a 12-month low of $3.61 and a 12-month high of $7.84.

Institutional Investors Weigh In On NIO

Several large investors have recently modified their holdings of the business. Ballentine Partners LLC raised its holdings in shares of NIO by 11.5% in the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock valued at $160,000 after purchasing an additional 2,482 shares in the last quarter. Atomi Financial Group Inc. grew its position in shares of NIO by 15.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after buying an additional 2,588 shares during the last quarter. Greenwich Wealth Management LLC grew its position in shares of NIO by 12.9% in the 2nd quarter. Greenwich Wealth Management LLC now owns 29,027 shares of the company’s stock worth $121,000 after buying an additional 3,315 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of NIO by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 208,152 shares of the company’s stock worth $866,000 after buying an additional 3,539 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of NIO by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,303,549 shares of the company’s stock worth $5,742,000 after buying an additional 3,548 shares during the last quarter. Institutional investors own 48.55% of the company’s stock.

About NIO

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.