Li Auto Stock AnalysisLi Auto Stock Analysis Analyst Consensus: * Moderate Buy rating * Target price: $40.08 Recent Brokerage Ratings: * Bank of America: Buy, $36.00 target * Macquarie: Outperform, $40.00 target * Morgan Stanley: Overweight, $53.00 target * Barclays: Equal Weight, $22.00 target Stock Performance: * NASDAQ Symbol: LI * One-year low: $17.75 * One-year high: $47.33 * Market capitalization: $20.31 billion * Price-to-earnings ratio: 12.76 Financial Results: * Q1 2023 EPS: $0.08 * Revenue: $3.55 billion * Return on equity: 16.65% * Net margin: 8.73% Analyst Projections: * EPS for current fiscal year: 1.04 Institutional Ownership: * Institutional investors own 9.88% of Li Auto’s shares. Company Profile: Li Auto Inc. is an electric vehicle manufacturer specializing in high-end smart electric vehicles, including MPVs and SUVs. It operates in the People’s Republic of China.
Shares of Li Auto Inc. (NASDAQ:LI – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seven research firms that currently cover the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given it a buy rating. The average 12-month price objective among brokerages that have covered the stock over the last year is $40.08.
A number of research firms have recently spoken out about LI. Bank of America lowered their price target on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Macquarie initiated coverage on shares of Li Auto in a research note on Monday, April 15th. They set an “outperform” rating and a $40.00 price target on the stock. Morgan Stanley lowered their price target on Li Auto from $65.00 to $53.00 and set an “overweight” rating on the company in a research note on Tuesday, May 21st. Finally, Barclays lowered their price target on Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 21st.
Read our latest stock report on LI
Li Auto stock performance
NASDAQ LI opened at $19.14 on Friday. Li Auto has a one-year low of $17.75 and a one-year high of $47.33. The company has a market cap of $20.31 billion, a price-to-earnings ratio of 12.76, a forward price-to-earnings ratio of 2.31 and a beta of 0.97. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04. The company’s 50-day simple moving average is $19.76 and its 200-day simple moving average is $27.05.
Li Auto (NASDAQ:LI – Get Free Report) last released its quarterly earnings results on Monday, May 20. The company reported $0.08 EPS for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. The company had revenue of $3.55 billion during the quarter. As a group, analysts expect Li Auto to post 1.04 EPS for the current fiscal year.
Institutional investors weigh in on Li Auto
A number of institutional investors have recently made changes to their positions in LI. Ninety One UK Ltd purchased a new stake in shares of Li Auto in the 4th quarter worth $35,896,000. SIH Partners LLLP increased its position in Li Auto by 508.2% during the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock worth $26,976,000 after acquiring an additional 744,419 shares during the last quarter. Franchise Capital Ltd increased its holdings in Li Auto by 163.2% during the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock worth $36,504,000 after acquiring an additional 604,773 shares during the period. FIFTHDELTA Ltd bought a new position in shares of Li Auto in the 1st quarter worth approximately $14,816,000. Finally, OLD Mission Capital LLC bought a new position in shares of Li Auto in the 4th quarter worth approximately $17,696,000. Institutional investors own 9.88% of the company’s shares.
Company Profile Li Auto
(Get Free Report
Li Auto Inc. operates in the energy vehicle market in the People’s Republic of China. The company designs, develops, manufactures and sells high-end smart electric vehicles. The company’s product line includes MPVs and SUVs. It provides sales and after-sales management, and technology development and business management services, as well as production equipment procurement.
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The post Li Auto Inc. (NASDAQ:LI) receives an average recommendation of “Moderate Buy” from brokers first appeared on Frugals ca.
