XPeng Inc. (NYSE:XPEV) Receives Consensus Recommendation of “Hold” from Brokerages

XPeng Inc. (NYSE:XPEV) has received a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $16.28.

A number of research analysts recently weighed in on the stock. Citigroup raised shares of XPeng from a “sell” rating to a “neutral” rating and raised their price target for the company from $7.70 to $8.30 in a research note on Tuesday. Daiwa America raised shares of XPeng to a “strong-buy” rating in a research note on Thursday, May 23rd. Daiwa Capital Markets raised shares of XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, May 23rd. Finally, Macquarie initiated coverage on shares of XPeng in a report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price objective for the company.

Institutional Trading of XPeng

A number of hedge funds and other institutional investors have recently made changes to their positions in XPEV. Compagnie Lombard Odier SCmA increased its holdings in XPeng by 322.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,450 shares during the last quarter. Natixis acquired a new stake in XPeng in the 1st quarter valued at approximately $38,000. Scarborough Advisors LLC acquired a new stake in XPeng in the 4th quarter valued at approximately $52,000. Rakuten Securities Inc. acquired a new stake in XPeng in the 4th quarter valued at approximately $59,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in XPeng in the 4th quarter valued at approximately $102,000. Institutional investors and hedge funds own 23.05% of the company’s stock.

XPeng Stock Up 3.8 %

Shares of NYSE XPEV opened at $8.24 on Thursday. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of -5.57 and a beta of 2.80. The company’s 50-day simple moving average is $7.97 and its 200-day simple moving average is $9.46. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. XPeng has a 52-week low of $6.55 and a 52-week high of $23.62.

XPeng (NYSE:XPEV) last issued its quarterly earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $906.90 million during the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. Equities analysts predict that XPeng will post -0.96 EPS for the current fiscal year.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.