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

Shares of Li Auto Inc. (NASDAQ:LI) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $33.94.

Several equities analysts recently commented on the stock. Macquarie reissued a “neutral” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Bank of America increased their price target on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. reduced their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Barclays upped their target price 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, Citigroup lifted their price target on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research note on Monday, September 30th.

Institutional Investors Weigh In On Li Auto

Several institutional investors and hedge funds have recently made changes to their positions in LI. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Li Auto by 58.7% in 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 last quarter. Blue Trust Inc. boosted its position in Li Auto by 1,707.4% during the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock valued at $35,000 after acquiring an additional 1,844 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Li Auto during the 3rd quarter worth about $39,000. Venturi Wealth Management LLC bought a new position in shares of Li Auto in the 3rd quarter worth about $50,000. Finally, BNP Paribas lifted its stake in shares of Li Auto by 300.0% in the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Price Performance

Li Auto stock opened at $22.72 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The stock has a market capitalization of $24.11 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 2.14 and a beta of 0.99. The stock has a fifty day moving average of $24.80 and a 200-day moving average of $22.15.

Li Auto (NASDAQ:LI) last issued its earnings results on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. The firm 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, sell-side analysts expect that Li Auto will post 1.04 earnings per share for the current fiscal 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.