Analysts Set Li Auto Inc. (NASDAQ:LI) Price Target at $33.94

Li Auto Inc. (NASDAQ:LI) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $33.94.

LI has been the subject of several recent research reports. Macquarie reiterated a “neutral” rating and set a $33.00 price objective (up from $25.00) on shares of Li Auto in a report on Friday, October 4th. Barclays increased their price objective on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. cut their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Citigroup increased their price objective on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a report on Monday, September 30th. Finally, Bank of America increased their price objective on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th.

Li Auto Price Performance

LI opened at $22.98 on Tuesday. The stock has a fifty day moving average of $24.88 and a 200-day moving average of $22.08. The firm has a market capitalization of $24.38 billion, a P/E ratio of 17.02, a PEG ratio of 2.18 and a beta of 0.99. Li Auto has a 12-month low of $17.44 and a 12-month high of $46.44. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Li Auto (NASDAQ:LI) last released its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. Equities analysts forecast that Li Auto will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Institutional investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in Li Auto by 58.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after buying an additional 573 shares in the last quarter. Blue Trust Inc. boosted its holdings in Li Auto by 1,707.4% during the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock valued at $35,000 after purchasing an additional 1,844 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Li Auto during the third quarter valued at approximately $39,000. Venturi Wealth Management LLC acquired a new stake in Li Auto during the third quarter valued at approximately $50,000. Finally, BNP Paribas boosted its holdings in Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after purchasing an additional 1,500 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.