Analysts Set XPeng Inc. (NYSE:XPEV) Target Price at $12.05

XPeng Inc. (NYSE:XPEV) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $12.05.

Several research analysts recently commented on XPEV shares. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective for the company. in a report on Thursday, November 21st. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a report on Friday, November 22nd. Citigroup decreased their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. Sanford C. Bernstein upped their price objective on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Finally, Macquarie upgraded XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th.

XPeng Trading Down 2.0 %

Shares of XPeng stock opened at $11.39 on Friday. The stock has a market capitalization of $10.73 billion, a P/E ratio of -13.09 and a beta of 2.80. XPeng has a 52-week low of $6.55 and a 52-week high of $18.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The stock’s 50-day simple moving average is $11.91 and its 200 day simple moving average is $9.35.

Institutional Trading of XPeng

Several large investors have recently added to or reduced their stakes in XPEV. Natixis bought a new stake in shares of XPeng during the 1st quarter valued at about $38,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in XPeng by 122.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock valued at $39,000 after acquiring an additional 2,920 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of XPeng during the 3rd quarter worth approximately $45,000. Blue Trust Inc. grew its holdings in shares of XPeng by 2,615.9% during the 2nd quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock worth $75,000 after acquiring an additional 9,391 shares during the period. Finally, 180 Wealth Advisors LLC bought a new position in shares of XPeng in the 2nd quarter worth approximately $78,000. Institutional investors own 23.05% of the company’s stock.

XPeng Company Profile

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.