NIO Inc. (NYSE:NIO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of NIO Inc. (NYSE:NIO) have earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.70.

Several brokerages have commented on NIO. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. HSBC raised 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. Bank of America reiterated a “neutral” rating and issued a $6.80 target price on shares of NIO in a report on Thursday, May 21st. Sanford C. Bernstein reissued a “market perform” rating and set a $6.00 target price on shares of NIO in a research note on Friday, May 22nd. Finally, Nomura upgraded NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target on the stock in a report on Wednesday, March 11th.

NIO Stock Performance

Shares of NIO stock opened at $5.21 on Tuesday. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of -9.46 and a beta of 0.92. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.01 and a quick ratio of 0.90. The business has a 50-day moving average of $5.98 and a 200 day moving average of $5.40. NIO has a 12 month low of $3.34 and a 12 month high of $8.02.

NIO (NYSE:NIO) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $4.95 billion for the quarter. NIO had a negative net margin of 8.78% and a negative return on equity of 318.96%. As a group, sell-side analysts forecast that NIO will post -0.13 earnings per share for the current year.

Institutional Trading of NIO

A number of large investors have recently made changes to their positions in NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NIO by 3,966.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock worth $20,255,000 after acquiring an additional 5,185,565 shares during the last quarter. Franklin Resources Inc. increased its position in shares of NIO by 50.9% in the 2nd quarter. Franklin Resources Inc. now owns 17,707 shares of the company’s stock valued at $61,000 after purchasing an additional 5,974 shares during the last quarter. Invesco Ltd. raised its holdings in shares of NIO by 22.7% in the 2nd quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock valued at $9,392,000 after purchasing an additional 506,618 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of NIO by 67.4% in the 2nd quarter. First Trust Advisors LP now owns 73,280 shares of the company’s stock valued at $251,000 after purchasing an additional 29,501 shares in the last quarter. Finally, AXA S.A. purchased a new stake in shares of NIO during the 2nd quarter worth $64,000. 48.55% of the stock is currently owned by hedge funds and other 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.