Nio Inc – (NYSE:NIO) has been given an average recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $8.47.
NIO has been the topic of several recent analyst reports. Credit Suisse Group initiated coverage on NIO in a report on Monday, October 22nd. They issued an “outperform” rating and a $12.60 target price on the stock. Morgan Stanley initiated coverage on NIO in a report on Monday, October 8th. They issued a “buy” rating and a $9.00 target price on the stock. Deutsche Bank initiated coverage on NIO in a report on Monday, October 8th. They issued a “buy” rating and a $10.00 target price on the stock. Sanford C. Bernstein initiated coverage on NIO in a report on Thursday, September 13th. They issued an “underperform” rating and a $4.20 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on NIO in a report on Tuesday, October 9th. They issued a “neutral” rating on the stock.
A hedge fund recently bought a new stake in NIO stock. Nwam LLC acquired a new stake in Nio Inc – (NYSE:NIO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,985 shares of the company’s stock, valued at approximately $230,000. 0.01% of the stock is owned by institutional investors.
NIO stock opened at $6.68 on Friday. NIO has a twelve month low of $5.35 and a twelve month high of $13.80.
NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China, the United States, Germany, and the United Kingdom. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after sales management activities.
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