Brokerages Set XPeng Inc. (NYSE:XPEV) Target Price at $16.28

Shares of XPeng Inc. (NYSE:XPEV) have been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $16.28.

Several research analysts have recently issued reports on XPEV shares. Macquarie started coverage on XPeng in a research note on Monday, April 15th. They issued a “neutral” rating and a $7.00 price objective for the company. Citigroup raised XPeng from a “sell” rating to a “neutral” rating and upped their price objective for the company from $7.70 to $8.30 in a research note on Tuesday, June 25th. Daiwa America raised shares of XPeng to a “strong-buy” rating in a research report on Thursday, May 23rd. Finally, Daiwa Capital Markets raised shares of XPeng from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, May 23rd.

Hedge Funds Weigh In On XPeng

A number of institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in shares of XPeng by 7.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,066 shares of the company’s stock worth $203,000 after buying an additional 732 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in shares of XPeng by 322.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after purchasing an additional 1,450 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of XPeng by 0.8% in the 4th quarter. Van ECK Associates Corp now owns 197,640 shares of the company’s stock worth $2,884,000 after purchasing an additional 1,523 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of XPeng by 14.6% in the 4th quarter. Ballentine Partners LLC now owns 13,557 shares of the company’s stock worth $198,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of XPeng by 25.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,550 shares of the company’s stock worth $154,000 after purchasing an additional 2,151 shares in the last quarter. 23.05% of the stock is currently owned by institutional investors.

XPeng Stock Down 4.7 %

XPEV stock opened at $7.33 on Thursday. The stock has a market capitalization of $6.90 billion, a P/E ratio of -4.95 and a beta of 2.80. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18. XPeng has a 12 month low of $6.55 and a 12 month high of $23.62. The firm has a 50-day moving average price of $8.00 and a 200-day moving average price of $9.33.

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

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.