NIO (NYSE:NIO) Stock Rating Lowered by Hsbc Global Res

Hsbc Global Res lowered shares of NIO (NYSE:NIO) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently commented on the company. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and cut their target price for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Finally, Daiwa America raised shares of NIO to a “strong-buy” rating in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NIO has a consensus rating of “Hold” and a consensus price target of $5.71.

NIO Stock Down 4.2 %

NYSE NIO opened at $4.32 on Tuesday. The business’s 50-day moving average is $4.65 and its 200 day moving average is $4.80. The stock has a market capitalization of $7.43 billion, a PE ratio of -2.86 and a beta of 1.70. 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 has a 1 year low of $3.61 and a 1 year high of $7.84.

Institutional Trading of NIO

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ballentine Partners LLC raised its stake in NIO by 11.5% during the third quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock valued at $160,000 after buying an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of NIO by 15.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after purchasing an additional 2,588 shares during the last quarter. Greenwich Wealth Management LLC boosted its stake in NIO by 12.9% in the 2nd quarter. Greenwich Wealth Management LLC now owns 29,027 shares of the company’s stock worth $121,000 after purchasing an additional 3,315 shares in the last quarter. Commonwealth Equity Services LLC grew its position in NIO by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 208,152 shares of the company’s stock valued at $866,000 after purchasing an additional 3,539 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in NIO by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,303,549 shares of the company’s stock worth $5,742,000 after buying an additional 3,548 shares during the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

About NIO

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.