XPeng Inc. (NYSE:XPEV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of XPeng Inc. (NYSE:XPEV) have been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.69.

XPEV has been the subject of several research reports. China Renaissance upgraded shares of 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 downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a research note on Thursday, November 21st. Citigroup dropped their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. UBS Group restated a “sell” rating and issued a $8.80 price target (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein boosted their price target on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On XPeng

A number of institutional investors and hedge funds have recently modified their holdings of XPEV. Avior Wealth Management LLC lifted its position in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after acquiring an additional 2,564 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in XPeng in the third quarter valued at $45,000. Venturi Wealth Management LLC purchased a new stake in XPeng in the third quarter valued at $110,000. Atomi Financial Group Inc. purchased a new stake in XPeng in the third quarter valued at $129,000. Finally, Sequoia Financial Advisors LLC lifted its position in XPeng by 24.3% in the third quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock valued at $163,000 after acquiring an additional 2,609 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPeng Stock Up 2.0 %

XPeng stock opened at $14.15 on Monday. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $15.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The firm has a 50 day moving average price of $12.61 and a 200 day moving average price of $10.49. The company has a market capitalization of $13.32 billion, a PE ratio of -16.26 and a beta of 2.74.

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.