Brokerages Set XPeng Inc. Sponsored ADR (NYSE:XPEV) Price Target at $25.37

by · The Cerbat Gem

Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, eight have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $25.3667.

Several research analysts have commented on the company. Citigroup lifted their price target on XPeng from $29.00 to $29.40 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. CLSA raised shares of XPeng to a “strong-buy” rating in a research report on Monday, September 22nd. Daiwa Capital Markets upgraded shares of XPeng from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, November 18th. BNP Paribas assumed coverage on shares of XPeng in a research report on Monday, August 18th. They issued a “hold” rating on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price objective on shares of XPeng in a research report on Tuesday, November 11th.

View Our Latest Stock Report on XPeng

XPeng Price Performance

Shares of NYSE:XPEV opened at $20.01 on Thursday. The stock has a market capitalization of $18.99 billion, a P/E ratio of -47.65 and a beta of 1.05. The business has a 50-day moving average of $22.47 and a two-hundred day moving average of $20.73. XPeng has a fifty-two week low of $11.14 and a fifty-two week high of $28.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.12 and a quick ratio of 0.95.

XPeng (NYSE:XPEV – Get Free Report) last released its quarterly earnings results on Monday, November 17th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.41. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $20.48 billion. XPeng had a negative net margin of 4.02% and a negative return on equity of 9.25%. On average, equities research analysts predict that XPeng will post -0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XPEV. Atlas Capital Advisors Inc. increased its holdings in XPeng by 651.0% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company’s stock valued at $31,000 after purchasing an additional 1,302 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of XPeng during the first quarter worth $46,000. Bayforest Capital Ltd increased its stake in shares of XPeng by 145.5% in the first quarter. Bayforest Capital Ltd now owns 2,283 shares of the company’s stock valued at $47,000 after buying an additional 1,353 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of XPeng by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock valued at $63,000 after buying an additional 389 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of XPeng by 1,953.6% in the first quarter. Brooklyn Investment Group now owns 4,251 shares of the company’s stock valued at $88,000 after buying an additional 4,044 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

About XPeng

(Get Free Report)

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.

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