Li Auto Inc. (NASDAQ:LI) Receives $33.94 Consensus Target Price from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $33.94.

A number of research firms recently issued reports on LI. Macquarie reiterated a “neutral” rating and issued a $33.00 target price (up from $25.00) on shares of Li Auto in a report on Friday, October 4th. JPMorgan Chase & Co. decreased their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Citigroup lifted their price target on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a report on Monday, September 30th. Barclays lifted their price target on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Bank of America lifted their price target on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th.

Institutional Investors Weigh In On Li Auto

A number of large investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Li Auto by 58.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after purchasing an additional 573 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Li Auto by 1,707.4% during the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock worth $35,000 after purchasing an additional 1,844 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Li Auto during the third quarter worth $39,000. Venturi Wealth Management LLC acquired a new stake in shares of Li Auto during the third quarter worth $50,000. Finally, BNP Paribas boosted its holdings in Li Auto by 300.0% in the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of Li Auto stock opened at $22.23 on Tuesday. Li Auto has a one year low of $17.44 and a one year high of $46.44. The company has a market cap of $23.59 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 2.17 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The business’s 50 day moving average price is $24.64 and its 200 day moving average price is $22.21.

Li Auto (NASDAQ:LI) last posted its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. On average, research analysts predict that Li Auto will post 1.04 EPS for the current year.

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.