NIO (NYSE:NIO) Raised to “Moderate Buy” at Dbs Bank

NIO (NYSE:NIO) was upgraded by research analysts at Dbs Bank from a “hold” rating to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and upped their price objective for the stock from $4.80 to $6.80 in a research report on Friday, March 13th. Nomura upgraded NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target for the company in a research note on Wednesday, March 11th. Macquarie Infrastructure raised NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price target for the company in a report on Thursday, January 15th. Bank of America reiterated a “neutral” rating on shares of NIO in a research report on Tuesday, March 10th. Finally, UBS Group lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.80.

NIO Stock Performance

Shares of NYSE NIO opened at $5.97 on Monday. The company has a market capitalization of $13.71 billion, a PE ratio of -6.15 and a beta of 1.11. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.87 and a current ratio of 0.98. The company’s fifty day moving average price is $4.92 and its 200 day moving average price is $5.77. NIO has a 1 year low of $3.02 and a 1 year high of $8.02.

Institutional Trading of NIO

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC lifted its stake in NIO by 12.5% in the 4th quarter. Corient Private Wealth LLC now owns 61,129 shares of the company’s stock valued at $312,000 after buying an additional 6,772 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in NIO by 48.8% in the 4th quarter. Hsbc Holdings PLC now owns 680,382 shares of the company’s stock worth $3,445,000 after buying an additional 223,178 shares during the last quarter. MV Capital Management Inc. purchased a new stake in NIO during the 4th quarter worth approximately $42,000. Compound Planning Inc. increased its stake in NIO by 12.9% during the 4th quarter. Compound Planning Inc. now owns 41,449 shares of the company’s stock worth $211,000 after buying an additional 4,721 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of NIO by 47.8% during the fourth quarter. Invesco Ltd. now owns 3,997,775 shares of the company’s stock valued at $20,389,000 after acquiring an additional 1,292,715 shares during the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Company Profile

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.