Li Auto (NASDAQ:LI) Price Target Increased to $58.60 by Analysts at Citigroup

Li Auto (NASDAQ:LIGet Rating) had its price target boosted by Citigroup from $26.80 to $58.60 in a research note released on Tuesday morning, The Fly reports. Citigroup currently has a buy rating on the stock.

A number of other research firms also recently commented on LI. TheStreet raised shares of Li Auto from a d rating to a c- rating in a report on Monday, June 6th. Morgan Stanley reduced their price objective on shares of Li Auto from $49.00 to $41.00 and set an overweight rating for the company in a report on Wednesday, March 23rd. HSBC started coverage on shares of Li Auto in a report on Friday, April 1st. They set a buy rating and a $35.00 price target for the company. Bank of America cut their price target on shares of Li Auto from $35.00 to $33.00 in a report on Tuesday, May 10th. Finally, UBS Group lifted their price target on shares of Li Auto from $47.00 to $52.00 and gave the company a buy rating in a report on Monday, April 4th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Li Auto presently has an average rating of Buy and an average price target of $42.69.

NASDAQ LI opened at $39.24 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.89 and a quick ratio of 3.76. The firm has a market capitalization of $40.26 billion, a price-to-earnings ratio of 3,924.00 and a beta of 1.73. The company’s fifty day moving average is $25.62 and its two-hundred day moving average is $27.26. Li Auto has a 52-week low of $16.86 and a 52-week high of $40.01.

Li Auto (NASDAQ:LIGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.79. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.51 billion. Li Auto had a net margin of 0.09% and a return on equity of 0.08%. The firm’s revenue for the quarter was up 167.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. As a group, sell-side analysts expect that Li Auto will post -0.34 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors grew its holdings in Li Auto by 584.1% during the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after purchasing an additional 917 shares during the period. Elequin Capital LP bought a new position in Li Auto in the first quarter valued at approximately $32,000. Prospera Financial Services Inc bought a new position in Li Auto in the first quarter valued at approximately $65,000. Signaturefd LLC lifted its stake in Li Auto by 52.6% in the fourth quarter. Signaturefd LLC now owns 2,823 shares of the company’s stock valued at $91,000 after buying an additional 973 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Li Auto by 495.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,020 shares of the company’s stock valued at $97,000 after buying an additional 2,513 shares in the last quarter. Hedge funds and other institutional investors own 21.74% of the company’s stock.

About Li Auto (Get Rating)

Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.

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