XPeng (NYSE:XPEV) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

XPeng (NYSE:XPEV) had its price target upped by equities researchers at Sanford C. Bernstein from $9.00 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target points to a potential upside of 14.15% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Bank of America cut their target price on shares of XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Citigroup lowered their price objective on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday. Macquarie raised shares of XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised shares of XPeng from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $8.00 to $11.50 in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.39.

XPeng Trading Down 3.0 %

NYSE XPEV opened at $12.27 on Wednesday. XPeng has a one year low of $6.55 and a one year high of $18.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. The company’s 50-day simple moving average is $11.75 and its two-hundred day simple moving average is $9.26.

XPeng (NYSE:XPEV) last released its earnings results on Tuesday, August 20th. The company reported ($0.19) EPS for the quarter. XPeng had a negative return on equity of 16.63% and a negative net margin of 15.35%. The company had revenue of $1.12 billion during the quarter. Analysts forecast that XPeng will post -0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Natixis purchased a new position in XPeng in the first quarter worth approximately $38,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in XPeng by 122.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock worth $39,000 after acquiring an additional 2,920 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in XPeng in the third quarter worth approximately $45,000. Blue Trust Inc. lifted its stake in XPeng by 2,615.9% in the second quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock worth $75,000 after acquiring an additional 9,391 shares during the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in XPeng in the second quarter worth approximately $78,000. Hedge funds and other institutional investors own 23.05% of the company’s stock.

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.