Li Auto Inc. (NASDAQ:LI – Get Rating) has received an average recommendation of “Buy” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $42.69.
LI has been the subject of several recent analyst reports. Morgan Stanley cut their price target on Li Auto from $49.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, March 23rd. Bank of America cut their price target on Li Auto from $35.00 to $33.00 in a research note on Tuesday, May 10th. began coverage on Li Auto in a research note on Thursday, March 24th. They issued a “buy” rating and a $37.20 price target for the company. UBS Group boosted their price objective on Li Auto from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, April 4th. Finally, TheStreet upgraded Li Auto from a “d” rating to a “c-” rating in a research note on Monday, June 6th.
Several large investors have recently modified their holdings of the company. Comerica Bank increased its stake in shares of Li Auto by 6.4% during the 3rd quarter. Comerica Bank now owns 8,271 shares of the company’s stock worth $267,000 after purchasing an additional 499 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Li Auto by 20.2% during the 1st quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $100,000 after acquiring an additional 653 shares during the period. Profund Advisors LLC increased its position in shares of Li Auto by 3.9% during the 1st quarter. Profund Advisors LLC now owns 21,625 shares of the company’s stock worth $558,000 after purchasing an additional 809 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in Li Auto by 2.2% during the 1st quarter. Ensign Peak Advisors Inc now owns 40,050 shares of the company’s stock valued at $1,034,000 after purchasing an additional 850 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Li Auto by 584.1% during the 1st quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after purchasing an additional 917 shares during the last quarter. 21.74% of the stock is owned by institutional investors.
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Shares of LI opened at $40.79 on Monday. The stock has a 50-day moving average of $25.92 and a two-hundred day moving average of $27.27. Li Auto has a one year low of $16.86 and a one year high of $41.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.76 and a current ratio of 3.89. The stock has a market cap of $41.85 billion, a P/E ratio of 4,079.00 and a beta of 1.73.
Li Auto (NASDAQ:LI – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.79. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.51 billion. Li Auto had a return on equity of 0.08% and a net margin of 0.09%. The company’s revenue for the quarter was up 167.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) EPS. Analysts predict that Li Auto will post -0.82 EPS for the current fiscal year.
Li Auto Company Profile (Get Rating)
Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People’s Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.
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Source: marketbeat.com