1 week Ago By ABMN Staff
Shares of XPeng Inc. ( NYSE:XPEV – Get Free Report ) have been given a consensus rating of “Hold” by the thirteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company.
The average 12-month price target among analysts that have issued ratings on the stock in the last year is $22.20. Several research firms have issued reports on XPEV.
JPMorgan Chase & Co. cut their price target on shares of XPeng from $35.00 to $31.
00 and set an “overweight” rating on the stock in a report on Wednesday, March 19th. Citigroup upgraded XPeng from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $13.70 to $29.
00 in a research note on Monday, March 10th. Daiwa Capital Markets reiterated a “neutral” rating and issued a $24.00 price target on shares of XPeng in a research note on Wednesday, March 19th.
Bank of America boosted their price target on XPeng from $18.60 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th.
Finally, Nomura raised shares of XPeng from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $30.00 in a research report on Wednesday, March 19th.
View Our Latest Analysis on XPeng XPeng Price Performance XPeng ( NYSE:XPEV – Get Free Report ) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($1.
36) by $1.17. XPeng had a negative net margin of 15.
35% and a negative return on equity of 16.92%. The business had revenue of $2.
21 billion during the quarter, compared to analyst estimates of $16.11 billion. Research analysts predict that XPeng will post -0.
96 earnings per share for the current fiscal year. Institutional Trading of XPeng A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in XPeng during the fourth quarter valued at $70,000.
Vise Technologies Inc. purchased a new position in shares of XPeng during the 4th quarter valued at about $142,000. Vident Advisory LLC raised its stake in shares of XPeng by 7.
6% during the 4th quarter. Vident Advisory LLC now owns 53,632 shares of the company’s stock valued at $634,000 after buying an additional 3,810 shares during the last quarter. Twinbeech Capital LP lifted its holdings in shares of XPeng by 22.
4% in the 4th quarter. Twinbeech Capital LP now owns 407,097 shares of the company’s stock valued at $4,812,000 after buying an additional 74,574 shares during the period. Finally, Polar Capital Holdings Plc purchased a new stake in shares of XPeng in the fourth quarter worth about $6,596,000.
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. Featured Stories Receive News & Ratings for XPeng Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPeng and related companies with MarketBeat.
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