NIO Inc. (NYSE:NIO) Receives $6.73 Consensus Price Target from Brokerages

NIO Inc. (NYSE:NIO) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $6.7250.

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Friday, November 28th. Citigroup lowered their target price on NIO from $8.60 to $6.90 and set a “buy” rating for the company in a report on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NIO in a research report on Monday, December 29th. The Goldman Sachs Group restated a “neutral” rating and set a $7.00 price target on shares of NIO in a report on Thursday, October 30th. Finally, UBS Group downgraded NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th.

Hedge Funds Weigh In On NIO

Several large investors have recently modified their holdings of NIO. Farther Finance Advisors LLC grew its stake in shares of NIO by 148.3% in the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock worth $37,000 after purchasing an additional 2,877 shares during the last quarter. Hedeker Wealth LLC acquired a new position in NIO during the 2nd quarter worth about $43,000. Allworth Financial LP lifted its holdings in NIO by 183.5% during the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock worth $50,000 after buying an additional 4,269 shares during the period. Sandbox Financial Partners LLC bought a new stake in shares of NIO in the 4th quarter valued at about $51,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of NIO in the second quarter valued at about $56,000. Institutional investors own 48.55% of the company’s stock.

NIO Trading Up 4.4%

Shares of NIO stock opened at $4.85 on Friday. The firm’s 50 day moving average is $5.44 and its 200 day moving average is $5.67. The firm has a market capitalization of $10.11 billion, a PE ratio of -3.34 and a beta of 1.05. NIO has a 1 year low of $3.02 and a 1 year high of $8.02. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36.

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.