XPeng Inc. ((NYSE:XPEV)) has been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $51.28.
A number of brokerages recently weighed in on XPEV. VTB Capital raised XPeng from a “hold” rating to a “buy” rating in a research report on Thursday, March 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on XPeng from $50.00 to $50.30 and gave the company a “buy” rating in a research report on Wednesday, June 2nd. Daiwa Capital Markets raised XPeng from a “sell” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Tuesday, March 9th. Citigroup raised their price objective on XPeng from $50.00 to $50.30 and gave the company a “buy” rating in a research report on Wednesday, June 2nd. Finally, Zacks Investment Research upgraded XPeng from a “sell” rating to a “hold” rating in a research note on Wednesday, May 12th.
Several large investors have recently made changes to their positions in the company. MBL Wealth LLC purchased a new position in shares of XPeng in the first quarter worth about $701,000. Garde Capital Inc. purchased a new position in shares of XPeng in the first quarter worth about $261,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of XPeng in the first quarter worth about $219,000. Hillhouse Capital Advisors LTD. purchased a new position in shares of XPeng in the first quarter worth about $24,045,000. Finally, Voloridge Investment Management LLC purchased a new position in shares of XPeng in the first quarter worth about $2,065,000. Hedge funds and other institutional investors own 21.40% of the company’s stock.
XPEV opened at $37.11 on Monday. XPeng has a 12-month low of $17.11 and a 12-month high of $74.49. The company has a quick ratio of 4.27, a current ratio of 4.48 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $31.32. The company has a market cap of $29.31 billion and a P/E ratio of -22.91.
XPeng ((NYSE:XPEV)) last posted its quarterly earnings results on Thursday, May 13th. The company reported ($0.88) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.29) by $0.41. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.05 billion. XPeng‘s revenue for the quarter was up 616.1% on a year-over-year basis. On average, equities analysts forecast that XPeng will post -0.8 EPS for the current fiscal year.
XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People’s Republic of China. It offers SUVs under the G3 name; and four-door sports sedan under the P7 name. The company also provides sales contract, maintenance, super charging, vehicle leasing, and ride-hailing services.
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