XPeng Inc. (NYSE:XPEV – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.49.
A number of analysts have recently commented on XPEV shares. Daiwa America upgraded XPeng to a “strong-buy” rating in a report on Thursday, May 23rd. Bank of America cut their target price on XPeng from $12.70 to $11.70 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Daiwa Capital Markets raised XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, May 23rd. Finally, Citigroup upgraded shares of XPeng from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $7.70 to $8.30 in a report on Tuesday, June 25th.
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Institutional Investors Weigh In On XPeng
XPeng Stock Down 6.0 %
XPeng stock opened at $6.77 on Friday. XPeng has a twelve month low of $6.55 and a twelve month high of $19.96. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $7.74 and a 200-day moving average of $8.20. The stock has a market capitalization of $6.38 billion, a PE ratio of -4.57 and a beta of 2.76.
XPeng (NYSE:XPEV – Get Free Report) last announced its earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $906.90 million during the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. On average, equities research analysts anticipate that XPeng will post -0.91 EPS for the current fiscal year.
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.
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