XPeng Inc. (NYSE:XPEV) Given Consensus Recommendation of “Hold” by Analysts
XPeng Inc. (NYSE:XPEV – Get Free Report) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $18.68.
A number of brokerages have recently issued reports on XPEV. Morgan Stanley restated an “overweight” rating and set a $25.40 price objective on shares of XPeng in a research report on Friday, September 22nd. Barclays boosted their price target on XPeng from $6.00 to $8.00 and gave the company an “underweight” rating in a research note on Tuesday, August 22nd. JPMorgan Chase & Co. dropped their price target on XPeng from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 21st. Finally, Bank of America raised XPeng from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.30 to $22.00 in a research note on Monday, August 21st.
View Our Latest Research Report on XPEV
Institutional Investors Weigh In On XPeng
Several institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC grew its holdings in XPeng by 22.6% during the second quarter. Lindbrook Capital LLC now owns 2,368 shares of the company’s stock worth $32,000 after buying an additional 437 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its position in XPeng by 12.5% in the first quarter. Carolinas Wealth Consulting LLC now owns 4,500 shares of the company’s stock worth $124,000 after purchasing an additional 500 shares during the last quarter. CWM LLC boosted its position in XPeng by 24.2% in the second quarter. CWM LLC now owns 2,840 shares of the company’s stock worth $38,000 after purchasing an additional 554 shares during the last quarter. Rhumbline Advisers boosted its position in XPeng by 8.6% in the third quarter. Rhumbline Advisers now owns 9,005 shares of the company’s stock worth $165,000 after purchasing an additional 710 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in XPeng by 7.1% in the third quarter. PNC Financial Services Group Inc. now owns 11,066 shares of the company’s stock worth $203,000 after purchasing an additional 732 shares during the last quarter. Institutional investors own 11.86% of the company’s stock.
XPeng Price Performance
XPeng stock opened at $14.33 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $12.34 billion, a PE ratio of -7.66 and a beta of 3.12. XPeng has a 12 month low of $7.51 and a 12 month high of $23.62. The stock has a 50-day moving average price of $16.03 and a two-hundred day moving average price of $15.62.
XPeng (NYSE:XPEV – Get Free Report) last issued its quarterly earnings data on Wednesday, November 15th. The company reported ($0.62) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.10. XPeng had a negative return on equity of 33.81% and a negative net margin of 50.07%. The company had revenue of $1.17 billion during the quarter. Analysts expect that XPeng will post -1.68 EPS for the current year.
About XPeng (Get Free Report
XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.
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Original: MarketBeat News Feed: XPeng Inc. (NYSE:XPEV) Given Consensus Recommendation of “Hold” by Analysts