Analysts Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) Price Target at $26.26

by · The Cerbat Gem

Li Auto Inc. Sponsored ADR (NASDAQ:LI – Get Free Report) has earned a consensus rating of “Reduce” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $26.2625.

LI has been the topic of a number of recent analyst reports. Cfra Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 10th. BNP Paribas assumed coverage on Li Auto in a research report on Monday, August 18th. They issued a “strong sell” rating on the stock. Macquarie cut Li Auto from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $28.00 to $21.00 in a research note on Friday, August 22nd. Dbs Bank cut Li Auto from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $28.00 target price (down previously from $33.00) on shares of Li Auto in a research note on Thursday, August 14th.

Get Our Latest Report on LI

Li Auto Price Performance

Shares of LI stock opened at $24.48 on Monday. The firm has a market cap of $25.63 billion, a P/E ratio of 23.31 and a beta of 0.97. Li Auto has a fifty-two week low of $18.65 and a fifty-two week high of $33.12. The business’s 50 day moving average price is $25.88 and its 200-day moving average price is $26.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of Li Auto by 9.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company’s stock valued at $155,000 after purchasing an additional 538 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its stake in Li Auto by 2.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock valued at $604,000 after buying an additional 547 shares during the last quarter. US Bancorp DE raised its stake in Li Auto by 9.0% during the first quarter. US Bancorp DE now owns 10,255 shares of the company’s stock valued at $258,000 after buying an additional 844 shares during the last quarter. Tidal Investments LLC raised its stake in Li Auto by 1.0% during the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after buying an additional 856 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in Li Auto by 8.6% during the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after buying an additional 951 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

About Li Auto

(Get Free Report)

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.

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