NIO (NYSE:NIO) Price Target Cut to $4.20 by Analysts at Mizuho

NIO (NYSE:NIO) had its price target trimmed by Mizuho from $5.00 to $4.20 in a report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on NIO. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and cut their price objective for the company from $4.80 to $3.90 in a research report on Monday, November 25th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.00.

NIO Price Performance

Shares of NIO stock opened at $4.39 on Monday. The stock’s fifty day simple moving average is $4.43 and its 200 day simple moving average is $4.87. NIO has a one year low of $3.61 and a one year high of $7.71. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of -2.90 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

NIO (NYSE:NIO) last issued its earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.81) EPS. On average, analysts expect that NIO will post -1.43 earnings per share for the current fiscal year.

Institutional Trading of NIO

A number of institutional investors have recently bought and sold shares of NIO. PDS Planning Inc lifted its stake in NIO by 13.0% in the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock valued at $99,000 after buying an additional 2,627 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of NIO by 25.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company’s stock valued at $59,000 after buying an additional 2,712 shares during the period. Franklin Resources Inc. increased its position in shares of NIO by 20.4% in the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company’s stock valued at $72,000 after buying an additional 2,788 shares in the last quarter. Perigon Wealth Management LLC raised its stake in NIO by 24.1% during the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock worth $61,000 after buying an additional 2,867 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in NIO by 17.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company’s stock worth $94,000 after acquiring an additional 3,152 shares in the last quarter. Institutional investors and hedge funds own 48.55% 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.