NIO (NYSE:NIO) Upgraded by 86 Research to “Buy”

NIO (NYSE:NIO) was upgraded by analysts at 86 Research from a “sell” rating to a “buy” rating in a report issued on Thursday, The Fly reports.

NIO has been the topic of a number of other research reports. Mizuho lowered their price objective on NIO from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, November 11th. HSBC increased their price objective on NIO from $53.00 to $54.00 in a report on Monday, January 10th. Macquarie started coverage on NIO in a report on Wednesday. They set an “outperform” rating and a $37.70 price objective on the stock. Sanford C. Bernstein started coverage on NIO in a report on Thursday, October 28th. They issued a “market perform” rating and a $45.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $70.00 target price on shares of NIO in a report on Thursday, December 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $61.64.

NIO opened at $30.95 on Thursday. NIO has a fifty-two week low of $27.52 and a fifty-two week high of $64.60. The business has a 50-day moving average of $34.62 and a 200-day moving average of $38.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.04 and a quick ratio of 1.98. The company has a market capitalization of $48.56 billion, a PE ratio of -31.26 and a beta of 2.37.

NIO (NYSE:NIO) last posted its quarterly earnings results on Tuesday, November 9th. The company reported ($0.28) earnings per share for the quarter. NIO had a negative return on equity of 37.62% and a negative net margin of 29.97%. The firm had revenue of $1.52 billion for the quarter. On average, equities research analysts expect that NIO will post -0.94 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Your Advocates Ltd. LLP bought a new position in NIO in the 3rd quarter valued at $25,000. Asset Dedication LLC raised its position in NIO by 124.8% in the 3rd quarter. Asset Dedication LLC now owns 735 shares of the company’s stock valued at $27,000 after purchasing an additional 408 shares during the last quarter. Castleview Partners LLC bought a new position in NIO in the 2nd quarter valued at $28,000. Liberty Wealth Management LLC raised its position in NIO by 123.6% in the 3rd quarter. Liberty Wealth Management LLC now owns 825 shares of the company’s stock valued at $29,000 after purchasing an additional 456 shares during the last quarter. Finally, Activest Wealth Management acquired a new stake in shares of NIO in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 29.94% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. 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. In addition, it offers power solutions for battery charging needs; and other value-added services.

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Analyst Recommendations for NIO (NYSE:NIO)

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