NIO (NYSE:NIO) Coverage Initiated at Macquarie

Equities researchers at Macquarie began coverage on shares of NIO (NYSE:NIO) in a note issued to investors on Monday, MarketBeat.com reports. The firm set a “neutral” rating and a $5.00 price target on the stock. Macquarie’s target price would suggest a potential upside of 31.23% from the company’s previous close.

Other equities analysts have also issued reports about the company. Bank of America decreased their price target on NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Mizuho reaffirmed a “neutral” rating and set a $5.50 target price on shares of NIO in a report on Monday, March 25th. JPMorgan Chase & Co. reduced their price objective on shares of NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a research report on Wednesday, March 6th. Sanford C. Bernstein dropped their target price on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Finally, Barclays restated an “underweight” rating and issued a $4.00 price target (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.43.

NIO Trading Down 2.1 %

Shares of NIO stock opened at $3.81 on Monday. NIO has a 1 year low of $3.71 and a 1 year high of $16.18. The firm has a market capitalization of $6.55 billion, a PE ratio of -2.18 and a beta of 1.93. The stock has a fifty day moving average of $5.29 and a two-hundred day moving average of $6.78. 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 (NYSE:NIO) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $18.16 billion. During the same period in the previous year, the company earned ($0.51) EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts expect that NIO will post -1.26 EPS for the current year.

Institutional Trading of NIO

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bfsg LLC acquired a new position in shares of NIO in the 4th quarter valued at about $33,000. Point72 Asset Management L.P. acquired a new position in shares of NIO in the 4th quarter valued at about $33,000. Rakuten Securities Inc. acquired a new position in shares of NIO in the 4th quarter valued at about $38,000. Principal Securities Inc. acquired a new position in shares of NIO in the 4th quarter valued at about $42,000. Finally, Peoples Bank KS acquired a new position in shares of NIO in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.