Li Auto Inc. (NASDAQ:LI) Receives Average Recommendation of “Buy” from Brokerages

Li Auto Inc. (NASDAQ:LI – Get Rating) has been assigned an average score of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat stories. A person study analyst has rated the stock with a hold rating, 13 have given a obtain ranking and one has presented a powerful invest in rating to the enterprise. The common 12 thirty day period concentrate on rate among the brokerages that have lined the stock in the past yr is $42.18.

A selection of equities analysts have just lately commented on LI shares. HSBC commenced coverage on shares of Li Auto in a report on Friday, April 1st. They set a “buy” score and a $35.00 value focus on on the inventory. Zacks Investment Study upgraded shares of Li Car from a “sell” rating to a “hold” ranking in a report on Wednesday, March 2nd. Morgan Stanley dropped their target price tag on shares of Li Auto from $49.00 to $41.00 and established an “overweight” score on the stock in a report on Wednesday, March 23rd. TheStreet decreased shares of Li Automobile from a “c-” ranking to a “d+” ranking in a report on Wednesday, April 20th. Eventually, Barclays boosted their target value on shares of Li Automobile from $38.00 to $40.00 and gave the firm an “overweight” rating in a report on Monday, February 28th.

Li Automobile inventory opened at $20.92 on Friday. The company’s 50 day easy transferring average is $25.21 and its 200 day easy transferring regular is $28.44. The agency has a sector capitalization of $21.46 billion, a price tag-to-earnings ratio of -418.40 and a beta of 1.75. Li Auto has a fifty-two 7 days small of $15.98 and a fifty-two week high of $37.45. The organization has a financial debt-to-fairness ratio of .15, a current ratio of 4.33 and a speedy ratio of 4.19.

Li Vehicle (NASDAQ:LI – Get Ranking) previous posted its earnings benefits on Friday, February 25th. The enterprise claimed $.05 earnings for each share for the quarter, topping analysts’ consensus estimates of ($.20) by $.25. The organization experienced earnings of $10.62 billion for the quarter, compared to analysts’ anticipations of $9.92 billion. Li Auto had a unfavorable web margin of 1.15% and a destructive return on equity of .89%. The company’s revenue was up 156.1% on a yr-over-yr foundation. For the duration of the identical quarter in the prior 12 months, the organization posted $.02 earnings per share. As a group, analysts forecast that Li Automobile will publish -.32 EPS for the present fiscal yr.

Various substantial buyers have a short while ago acquired and bought shares of the firm. Voya Financial commitment Administration LLC lifted its holdings in Li Automobile by 9.5% in the course of the 3rd quarter. Voya Financial investment Management LLC now owns 55,921 shares of the company’s inventory really worth $1,470,000 just after getting an added 4,829 shares through the period. KBC Group NV lifted its holdings in Li Car by 215.4% for the duration of the fourth quarter. KBC Team NV now owns 98,793 shares of the company’s stock truly worth $3,171,000 immediately after buying an more 67,470 shares throughout the interval. Barings LLC lifted its holdings in Li Auto by 120.7% all through the fourth quarter. Barings LLC now owns 252,429 shares of the company’s inventory truly worth $8,103,000 soon after acquiring an additional 138,067 shares for the duration of the time period. IFP Advisors Inc lifted its holdings in Li Car by 7.9% during the fourth quarter. IFP Advisors Inc now owns 25,015 shares of the company’s inventory value $800,000 right after acquiring an more 1,840 shares during the period. Lastly, AXA S.A. purchased a new stake in Li Vehicle in the course of the 3rd quarter well worth $12,519,000. 21.74% of the stock is owned by institutional investors.

About Li Automobile (Get Ranking)

Li Auto Inc, by its subsidiaries, designs, develops, manufactures, and sells sensible electric sport utility autos (SUVs) in China. It gives Li 1, a six-seat electric SUV that equipped with a assortment of extension system and intelligent automobile alternatives. The business was previously recognised as Main Great Inc and changed its name to Li Auto Inc in July 2020.

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