NIO (NYSE:NIO) Upgraded at Macquarie

Macquarie upgraded shares of NIO (NYSE:NIO) from a neutral rating to an outperform rating in a research report report published on Thursday, Marketbeat.com reports. Macquarie currently has $6.10 price target on the stock.

A number of other brokerages also recently issued reports on NIO. Citigroup cut their price objective on NIO from $8.60 to $6.90 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Barclays increased their price objective on shares of NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Friday, November 28th. The Goldman Sachs Group restated a “neutral” rating and set a $7.00 target price on shares of NIO in a research note on Thursday, October 30th. Mizuho increased their price target on NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NIO in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, NIO presently has a consensus rating of “Hold” and a consensus price target of $6.83.

NIO Stock Performance

NYSE:NIO opened at $4.71 on Thursday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.94. The stock has a 50-day simple moving average of $5.24 and a two-hundred day simple moving average of $5.69. The firm has a market capitalization of $9.83 billion, a PE ratio of -3.25 and a beta of 1.05. NIO has a 52-week low of $3.02 and a 52-week high of $8.02.

Institutional Investors Weigh In On NIO

Several large investors have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new stake in NIO during the 2nd quarter valued at $12,315,000. American Century Companies Inc. increased its position in NIO by 37.4% during the second quarter. American Century Companies Inc. now owns 965,409 shares of the company’s stock valued at $3,311,000 after acquiring an additional 262,637 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of NIO by 125.2% in the second quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company’s stock valued at $3,754,000 after acquiring an additional 608,377 shares during the period. RWC Asset Advisors US LLC bought a new stake in shares of NIO in the 3rd quarter worth about $79,761,000. Finally, WMG Financial Advisors LLC boosted its position in shares of NIO by 17.9% during the second quarter. WMG Financial Advisors LLC now owns 474,966 shares of the company’s stock valued at $1,629,000 after buying an additional 72,170 shares during the period. 48.55% of the stock is owned by institutional investors.

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.