NIO (NYSE: NIO) Receives General Consensus Of “Buy”


NIO (NYSE: NIO) is drawing attention from Mizuho as seen by their research note on Wednesday. Investors have been alerted to the changed rating of “buy” for the stock.

Mizuho were not the only ones to do so. Daiwa Capital Markets had also started keeping an eye on NIO since December 14th. Their rating was raised to “buy” for the stock. Nomura Instinet rated the stock as “buy” as well as setting the target price as $80.30. They had started covering the stock on January 22nd. JPMorgan Chase & Co. rated the company “overweight”. They also increased the target price by $25 to $75.00. Jefferies Financial Group, however, set the rating to “hold” and set the price target at $38.80 from $60.00. As it stands, the general consensus has a price objective of $47.29 with a rating of “buy”.

NIO (NYSE: NIO) Path In The Market

NIO had reached $41.89 after an increase of $0.54 in trading hours. There were 4,500,956 shares traded. It was much lower in comparison with the 111,908,328 average. The company’s market cap is $53.71B. The ratio of price-to-earnings stands at -44.46 along with a 2.81 beta value. The share’s simple moving average for fifty days is calculated at $54.00 and for two hundred days it stands at $40.09. The lowest and highest the stock has seen in a period of 52 weeks have been $2.11 and $66.99 respectively.

The firm’s earnings were last posted on the first day of March. The firm had overshot the expected estimate of $0.16 with a posted value of $1.05 EPS. The revenue of $6.64B was lower than the analysts’ estimated $6.71B. Analysts further predict an EPS of -0.73 for the company in the current year.

Institutional investors have both added and sold their shares of the business. Public Employees Retirement Association of Colorado, Advisory Alpha LLC, Eudaimonia Partners, O Shaughnessy Asset Management LLC, and Bank Julius Baer & Co. Ltd. Zurich all increased their stakes in the firm.

NIO Inc. is involved in the manufacture and production of electric vehicles. It is based in the People’s Republic of China. The firm is also involved in the production of all other necessary components associated with electric vehicles including charging needs.

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