XPeng (NYSE:XPEV) Price Target Raised to $20.00

XPeng (NYSE:XPEV) had its price objective hoisted by Barclays from $7.00 to $20.00 in a report published on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other research firms have also commented on XPEV. Macquarie reiterated a “neutral” rating and set a $18.00 price objective on shares of XPeng in a research note on Friday, February 7th. Daiwa Capital Markets reiterated a “neutral” rating and set a $24.00 price objective on shares of XPeng in a research note on Wednesday. Nomura Securities upgraded shares of XPeng to a “strong-buy” rating in a research note on Tuesday. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research note on Friday, November 22nd. Finally, Nomura upgraded shares of XPeng from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $30.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, XPeng has a consensus rating of “Moderate Buy” and an average price target of $21.84.

XPeng Trading Down 7.3 %

NYSE:XPEV opened at $22.07 on Thursday. XPeng has a one year low of $6.55 and a one year high of $27.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The firm has a market cap of $20.79 billion, a P/E ratio of -25.36 and a beta of 2.68. The firm has a 50-day simple moving average of $18.10 and a 200-day simple moving average of $13.92.

XPeng (NYSE:XPEV) last posted 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. Equities analysts anticipate that XPeng will post -0.96 EPS for the current fiscal year.

Institutional Trading of XPeng

Several large investors have recently made changes to their positions in XPEV. Advisors Asset Management Inc. boosted its holdings in shares of XPeng by 48.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 49,624 shares of the company’s stock valued at $604,000 after acquiring an additional 16,289 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of XPeng by 14.2% in the 3rd quarter. Citigroup Inc. now owns 293,321 shares of the company’s stock valued at $3,573,000 after acquiring an additional 36,560 shares during the last quarter. FMR LLC boosted its holdings in XPeng by 1,053.8% during the third quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after buying an additional 295,536 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in XPeng during the third quarter worth $360,000. Finally, Point72 Hong Kong Ltd purchased a new stake in XPeng during the third quarter worth $22,047,000. 21.09% of the stock is owned by hedge funds and other institutional investors.

About XPeng

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.