XPeng (NYSE:XPEV) Stock Rating Upgraded by Nomura Securities

XPeng (NYSE:XPEV) was upgraded by stock analysts at Nomura Securities to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research analysts have also weighed in on XPEV. Bank of America upped their target price on XPeng from $18.60 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a report on Friday, November 22nd. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a report on Thursday, November 21st. Sanford C. Bernstein raised their price target on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Finally, Daiwa Capital Markets reiterated a “neutral” rating and set a $24.00 target price on shares of XPeng in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, XPeng has an average rating of “Moderate Buy” and an average price target of $22.02.

XPeng Stock Performance

XPeng stock opened at $23.80 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng has a one year low of $6.55 and a one year high of $27.16. The stock’s 50 day moving average price is $17.90 and its 200 day moving average price is $13.86. The firm has a market capitalization of $22.42 billion, a PE ratio of -27.35 and a beta of 2.68.

XPeng (NYSE:XPEV) last issued its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($1.36) by $1.17. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. As a group, sell-side analysts expect that XPeng will post -0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in XPeng in the 4th quarter valued at $70,000. Vise Technologies Inc. bought a new stake in shares of XPeng in the 4th quarter valued at about $142,000. Vident Advisory LLC raised its holdings in shares of XPeng by 7.6% in the 4th quarter. Vident Advisory LLC now owns 53,632 shares of the company’s stock valued at $634,000 after purchasing an additional 3,810 shares in the last quarter. Twinbeech Capital LP raised its holdings in shares of XPeng by 22.4% in the 4th quarter. Twinbeech Capital LP now owns 407,097 shares of the company’s stock valued at $4,812,000 after purchasing an additional 74,574 shares in the last quarter. Finally, Polar Capital Holdings Plc bought a new stake in shares of XPeng in the 4th quarter valued at about $6,596,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.