Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives $17.55 Average Price Target from Analysts

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has earned an average recommendation of “Reduce” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $17.30.

Several equities analysts recently weighed in on LI shares. Zacks Research cut Li Auto from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th. Sanford C. Bernstein set a $19.00 price objective on Li Auto and gave the stock a “market perform” rating in a research report on Friday, March 13th. Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. The Goldman Sachs Group cut shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Tuesday, March 17th. Finally, Weiss Ratings cut shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th.

Institutional Investors Weigh In On Li Auto

Several hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC lifted its stake in shares of Li Auto by 1.0% in the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after buying an additional 856 shares during the period. Aberdeen Group plc lifted its stake in shares of Li Auto by 3.1% in the third quarter. Aberdeen Group plc now owns 28,842 shares of the company’s stock valued at $731,000 after buying an additional 872 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Li Auto by 8.6% in the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after buying an additional 951 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Li Auto by 4.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after buying an additional 1,121 shares during the period. Finally, Ballentine Partners LLC lifted its stake in shares of Li Auto by 9.6% in the fourth quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock valued at $233,000 after buying an additional 1,208 shares during the period. Institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

NASDAQ LI opened at $14.30 on Wednesday. Li Auto has a twelve month low of $13.36 and a twelve month high of $32.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88. The stock has a market capitalization of $15.27 billion, a PE ratio of -51.07 and a beta of 0.57. The stock has a 50-day simple moving average of $17.13 and a 200 day simple moving average of $17.33.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%.The business had revenue of $3.33 billion for the quarter. Research analysts anticipate that Li Auto will post -0.07 EPS for the current year.

Li Auto Company Profile

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.