XPENG Inc. Sponsored ADR (NYSE:XPEV) Receives $24.74 Average Target Price from Analysts
by Tristan Rich · The Markets DailyShares of XPENG Inc. Sponsored ADR (NYSE:XPEV – Get Free Report) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $24.74.
Several brokerages have recently weighed in on XPEV. Macquarie Infrastructure set a $26.00 price objective on shares of XPENG and gave the stock an “outperform” rating in a report on Thursday, January 15th. Loop Capital set a $25.00 price target on shares of XPENG in a report on Tuesday, January 6th. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a report on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of XPENG in a report on Friday, February 6th. Finally, Barclays cut their price target on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Tuesday, March 24th.
Get Our Latest Stock Analysis on XPENG
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of XPEV. Royal Bank of Canada raised its holdings in XPENG by 33.6% in the first quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock valued at $490,000 after buying an additional 5,945 shares during the period. Ameriprise Financial Inc. raised its holdings in XPENG by 29.4% in the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after buying an additional 28,983 shares during the period. Greenleaf Trust raised its holdings in XPENG by 4.7% in the third quarter. Greenleaf Trust now owns 17,005 shares of the company’s stock valued at $398,000 after buying an additional 770 shares during the period. SG Americas Securities LLC raised its holdings in XPENG by 356.9% in the third quarter. SG Americas Securities LLC now owns 1,090,930 shares of the company’s stock valued at $25,550,000 after buying an additional 1,515,591 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in XPENG in the third quarter valued at approximately $249,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.
XPENG Trading Up 0.5%
Shares of XPEV stock opened at $17.38 on Wednesday. The firm has a market cap of $16.50 billion, a P/E ratio of -102.25 and a beta of 1.18. XPENG has a 1-year low of $15.38 and a 1-year high of $28.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.91. The firm’s 50-day simple moving average is $17.84 and its 200-day simple moving average is $20.11.
XPENG (NYSE:XPEV – Get Free Report) last announced its quarterly earnings data on Sunday, February 15th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $3.18 billion for the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.69%. As a group, equities analysts forecast that XPENG will post -0.96 EPS for the current year.
XPENG Company Profile
XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.
Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.