Li Auto (NASDAQ:LI) Downgraded to “Equal Weight” at Barclays

Li Auto (NASDAQ:LI) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Thursday, FinViz reports. They currently have a $25.00 target price on the stock. Barclays‘s price target would indicate a potential upside of 4.73% from the company’s previous close.

A number of other research firms have also recently weighed in on LI. Macquarie started coverage on shares of Li Auto in a research report on Monday, April 15th. They issued an “outperform” rating and a $40.00 price objective for the company. Morgan Stanley decreased their price objective on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and cut their target price for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Bank of America cut their target price on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Finally, The Goldman Sachs Group assumed coverage on shares of Li Auto in a research note on Wednesday, January 3rd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.36.

Li Auto Stock Down 3.8 %

Shares of Li Auto stock opened at $23.87 on Thursday. The company has a fifty day moving average price of $33.23 and a 200 day moving average price of $33.87. The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. Li Auto has a twelve month low of $21.48 and a twelve month high of $47.33. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 15.40 and a beta of 1.04.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The firm had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. Equities research analysts forecast that Li Auto will post 1.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Several institutional investors and hedge funds have recently bought and sold shares of the business. Scarborough Advisors LLC bought a new position in Li Auto in the 4th quarter worth about $41,000. Concourse Financial Group Securities Inc. boosted its holdings in Li Auto by 186.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after buying an additional 930 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Li Auto during the fourth quarter worth approximately $57,000. CWM LLC boosted its holdings in Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company’s stock worth $65,000 after buying an additional 676 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in Li Auto during the third quarter worth approximately $130,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.