Li Auto (NASDAQ:LI) Price Target Cut to $20.20 by Analysts at Citigroup

Li Auto (NASDAQ:LI) had its price objective cut by investment analysts at Citigroup from $25.60 to $20.20 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 9.99% from the company’s current price.

Several other equities research analysts also recently commented on LI. Sanford C. Bernstein dropped their price objective on shares of Li Auto from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Friday, August 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $28.00 price target (down previously from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. Macquarie lowered Li Auto from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $28.00 to $21.00 in a report on Friday, August 22nd. Wall Street Zen cut Li Auto from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Finally, Barclays dropped their target price on Li Auto from $31.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.41.

Li Auto Stock Performance

LI stock traded down $0.07 during trading on Friday, reaching $18.37. The company had a trading volume of 4,375,592 shares, compared to its average volume of 5,341,340. The company has a market cap of $19.23 billion, a price-to-earnings ratio of 31.66 and a beta of 1.05. Li Auto has a twelve month low of $17.59 and a twelve month high of $33.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73. The firm has a 50-day simple moving average of $21.87 and a 200-day simple moving average of $25.12.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in shares of Li Auto during the 1st quarter worth approximately $974,000. Natixis Advisors LLC acquired a new stake in Li Auto during the first quarter valued at $262,000. US Bancorp DE raised its position in shares of Li Auto by 9.0% in the first quarter. US Bancorp DE now owns 10,255 shares of the company’s stock worth $258,000 after acquiring an additional 844 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Li Auto by 9.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company’s stock worth $155,000 after acquiring an additional 538 shares in the last quarter. Finally, XY Capital Ltd acquired a new stake in shares of Li Auto during the 1st quarter valued at about $442,000. 9.88% of the stock is owned by institutional investors and hedge funds.

About Li Auto

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.