Li Auto (NASDAQ:LI) Price Target Increased to $29.60 by Analysts at Citigroup

Li Auto (NASDAQ:LI) had its price objective upped by research analysts at Citigroup from $25.50 to $29.60 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 3.50% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. lowered their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Bank of America lifted their price objective on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Li Auto has an average rating of “Moderate Buy” and a consensus price target of $33.66.

Li Auto Trading Up 11.5 %

NASDAQ:LI opened at $28.60 on Monday. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The firm has a 50-day moving average price of $20.45 and a two-hundred day moving average price of $22.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 19.07 and a beta of 0.96.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. The company had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%.

Institutional Trading of Li Auto

Several hedge funds and other institutional investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock valued at $28,000 after purchasing an additional 573 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Li Auto by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 12,664 shares of the company’s stock worth $474,000 after buying an additional 641 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Li Auto by 7.0% in the first quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock valued at $316,000 after acquiring an additional 685 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in Li Auto by 2.6% during the second quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company’s stock valued at $554,000 after acquiring an additional 800 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Li Auto by 5.2% during the 1st quarter. US Bancorp DE now owns 19,784 shares of the company’s stock worth $599,000 after acquiring an additional 970 shares during the period. Institutional investors own 9.88% of the company’s stock.

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.