Li Auto (NASDAQ:LI) PT Lowered to $36.00 at Bank of America

Li Auto (NASDAQ:LI) had its target price trimmed by Bank of America from $41.00 to $36.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on LI. Deutsche Bank Aktiengesellschaft upgraded Li Auto from a hold rating to a buy rating and dropped their price target for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Barclays cut Li Auto from an overweight rating to an equal weight rating and dropped their price target for the company from $39.00 to $25.00 in a research note on Thursday, April 25th. Citigroup dropped their price target on Li Auto from $57.30 to $48.50 and set a buy rating for the company in a research note on Friday, March 22nd. Macquarie initiated coverage on Li Auto in a research note on Monday, April 15th. They issued an outperform rating and a $40.00 price target for the company. Finally, Morgan Stanley decreased their price objective on Li Auto from $74.00 to $65.00 and set an overweight rating for the company in a report on Monday, March 25th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $40.50.

Li Auto Stock Down 5.7 %

NASDAQ LI opened at $19.58 on Tuesday. The business has a fifty day moving average price of $28.18 and a two-hundred day moving average price of $32.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.48. Li Auto has a fifty-two week low of $19.38 and a fifty-two week high of $47.33. The stock has a market capitalization of $20.77 billion, a PE ratio of 13.05, a PEG ratio of 1.84 and a beta of 1.10.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.49 EPS for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. The company had revenue of $5.88 billion during the quarter. Equities analysts expect that Li Auto will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of Li Auto

Large investors have recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new stake in Li Auto during the 4th quarter worth about $41,000. Rakuten Securities Inc. acquired a new stake in Li Auto during the 4th quarter worth about $57,000. Employees Retirement System of Texas acquired a new stake in Li Auto during the 3rd quarter worth about $130,000. Barometer Capital Management Inc. acquired a new stake in Li Auto during the 4th quarter worth about $135,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Li Auto during the 3rd quarter worth about $215,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.