Li Auto Inc. (NASDAQ:LI – Get Free Report) has been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.36.
LI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a “hold” rating to a “buy” rating and lowered their target price for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Citigroup lowered their price objective on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research note on Friday, March 22nd. Macquarie assumed coverage on shares of Li Auto in a research note on Monday. They issued an “outperform” rating and a $40.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Li Auto in a research note on Wednesday, January 3rd. They issued a “buy” rating for the company. Finally, Bank of America reduced their target price on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 18th.
Check Out Our Latest Stock Analysis on LI
Hedge Funds Weigh In On Li Auto
Li Auto Stock Up 1.6 %
NASDAQ LI opened at $29.18 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $33.65 and a two-hundred day moving average of $34.15. The firm has a market capitalization of $30.96 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. Li Auto has a 52 week low of $21.48 and a 52 week high of $47.33.
Li Auto (NASDAQ:LI – Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.49 EPS for the quarter. The company had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. On average, analysts predict that Li Auto will post 1.97 earnings per share for the current year.
Li Auto Company Profile
Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.
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