XPeng Inc. (NYSE:XPEV) Receives $11.49 Average Price Target from Brokerages

XPeng Inc. (NYSE:XPEV) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.49.

XPEV has been the subject of a number of analyst reports. Citigroup upgraded XPeng from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $7.70 to $8.30 in a research report on Tuesday, June 25th. Daiwa Capital Markets upgraded XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, May 23rd. Daiwa America upgraded XPeng to a “strong-buy” rating in a research report on Thursday, May 23rd. Finally, Bank of America reduced their price target on XPeng from $12.70 to $11.70 and set a “buy” rating for the company in a research report on Tuesday, July 16th.

XPeng Trading Up 1.5 %

NYSE:XPEV opened at $6.94 on Friday. XPeng has a 12-month low of $6.55 and a 12-month high of $19.96. The firm has a market capitalization of $6.54 billion, a P/E ratio of -4.69 and a beta of 2.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.32. The business has a 50 day simple moving average of $7.76 and a 200 day simple moving average of $8.21.

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 company had revenue of $906.90 million for the quarter. Equities research analysts predict that XPeng will post -0.91 EPS for the current year.

Institutional Trading of XPeng

Hedge funds and other institutional investors have recently modified their holdings of the company. Scarborough Advisors LLC bought a new stake in shares of XPeng in the 4th quarter worth $52,000. Rakuten Securities Inc. bought a new stake in shares of XPeng in the 4th quarter worth $59,000. Natixis bought a new stake in shares of XPeng in the 1st quarter worth $38,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of XPeng by 122.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock worth $39,000 after buying an additional 2,920 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of XPeng during the fourth quarter worth $102,000. 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.