XPeng’s (XPEV) Neutral Rating Reiterated at Daiwa Capital Markets

Daiwa Capital Markets reissued their neutral rating on shares of XPeng (NYSE:XPEV) in a report published on Wednesday, Marketbeat reports. Daiwa Capital Markets currently has a $24.00 price target on the stock.

Several other research firms have also recently commented on XPEV. Macquarie reiterated a “neutral” rating and set a $18.00 price target on shares of XPeng in a report on Friday, February 7th. Nomura upgraded shares of XPeng from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $30.00 in a research note on Wednesday. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research note on Friday, November 22nd. UBS Group raised XPeng from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, Bank of America increased their price objective on XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, XPeng currently has an average rating of “Hold” and a consensus target price of $21.84.

XPeng Stock Down 1.2 %

XPeng stock opened at $21.81 on Wednesday. The firm has a market capitalization of $20.54 billion, a P/E ratio of -25.06 and a beta of 2.68. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. XPeng has a twelve month low of $6.55 and a twelve month high of $27.16. The stock’s fifty day simple moving average is $18.29 and its 200-day simple moving average is $14.02.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. As a group, equities analysts expect that XPeng will post -0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPeng

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPEV. EverSource Wealth Advisors LLC grew its position in shares of XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after acquiring an additional 898 shares during the last quarter. Avior Wealth Management LLC grew its position in XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after purchasing an additional 2,564 shares during the last quarter. Lindbrook Capital LLC increased its stake in XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after purchasing an additional 1,138 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of XPeng in the fourth quarter valued at about $41,000. Finally, Natixis acquired a new stake in shares of XPeng during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.

XPeng Company Profile

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.