NIO (NYSE:NIO) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of NIO (NYSE:NIO) from a neutral rating to an overweight rating in a research note published on Tuesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $8.00 price target on the stock, up from their previous price target of $4.80.

NIO has been the subject of several other research reports. Barclays decreased their price objective on NIO from $4.00 to $3.00 and set an “underweight” rating for the company in a report on Wednesday, June 4th. Mizuho decreased their price objective on NIO from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, June 3rd. Citigroup restated a “buy” rating on shares of NIO in a report on Monday, April 28th. Morgan Stanley reiterated a “buy” rating on shares of NIO in a report on Monday, July 14th. Finally, The Goldman Sachs Group upgraded NIO from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $3.70 to $3.80 in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NIO presently has an average rating of “Hold” and a consensus target price of $5.21.

NIO Price Performance

Shares of NYSE NIO opened at $6.51 on Tuesday. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of -4.02 and a beta of 1.42. The business has a 50-day moving average of $4.49 and a 200-day moving average of $4.18. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.69. NIO has a fifty-two week low of $3.02 and a fifty-two week high of $7.71.

NIO (NYSE:NIO) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $12.46 billion. NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. NIO’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.39) EPS. NIO has set its Q2 2025 guidance at EPS. As a group, sell-side analysts predict that NIO will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

Institutional investors have recently bought and sold shares of the business. Xponance Inc. acquired a new position in NIO during the first quarter worth approximately $39,000. Blueshift Asset Management LLC acquired a new stake in NIO during the first quarter worth approximately $43,000. Hedeker Wealth LLC acquired a new stake in NIO during the second quarter worth approximately $43,000. Annex Advisory Services LLC acquired a new stake in NIO during the first quarter worth approximately $47,000. Finally, May Hill Capital LLC acquired a new stake in NIO during the first quarter worth approximately $48,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.