Nio Inc – (NYSE:NIO) Receives Average Rating of “Reduce” from Brokerages

Nio Inc – (NYSE:NIO) has received an average rating of “Reduce” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.43.

Several equities research analysts recently commented on the company. Macquarie assumed coverage on NIO in a report on Monday, April 15th. They set a “neutral” rating and a $5.00 target price on the stock. Sanford C. Bernstein cut their target price on NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Bank of America cut their target price on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Barclays reaffirmed an “underweight” rating and issued a $4.00 target price (down from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Finally, UBS Group cut their target price on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research report on Thursday, March 14th.

NIO Stock Performance

Shares of NYSE:NIO opened at $5.27 on Thursday. The company has a market cap of $9.05 billion, a P/E ratio of -3.01 and a beta of 1.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.22. NIO has a one year low of $3.61 and a one year high of $16.18. The business’s 50-day simple moving average is $4.92 and its 200 day simple moving average is $6.46.

NIO (NYSE:NIO) last announced its earnings results on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.51) earnings per share. On average, sell-side analysts forecast that NIO will post -1.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

Institutional investors have recently made changes to their positions in the company. Bfsg LLC bought a new stake in shares of NIO in the 4th quarter valued at approximately $33,000. Rakuten Securities Inc. bought a new position in NIO during the 4th quarter worth $38,000. Principal Securities Inc. bought a new position in NIO during the 4th quarter worth $42,000. Peoples Bank KS bought a new position in NIO during the 3rd quarter worth $46,000. Finally, Newbridge Financial Services Group Inc. grew its stake in NIO by 272.3% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock worth $42,000 after buying an additional 6,875 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.