XPeng (NYSE:XPEV) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of XPeng (NYSE:XPEV) from a neutral rating to a buy rating in a report released on Tuesday morning, Marketbeat.com reports. They currently have $24.00 target price on the stock, up from their previous target price of $16.40.

Several other equities analysts also recently issued reports on the company. Daiwa Capital Markets reiterated a “neutral” rating and issued a $24.00 price objective on shares of XPeng in a research report on Wednesday, March 19th. Citigroup raised XPeng from a “neutral” rating to a “buy” rating and lifted their target price for the company from $13.70 to $29.00 in a research note on Monday, March 10th. Barclays lifted their target price on XPeng from $7.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. Sanford C. Bernstein set a $19.00 target price on XPeng and gave the company a “market perform” rating in a research note on Thursday, May 22nd. Finally, Daiwa America cut XPeng from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.73.

XPeng Trading Up 0.3%

Shares of XPEV opened at $18.63 on Tuesday. The stock has a fifty day moving average price of $19.69 and a two-hundred day moving average price of $17.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.21. XPeng has a 52-week low of $6.60 and a 52-week high of $27.16. The company has a market cap of $17.68 billion, a price-to-earnings ratio of -24.85 and a beta of 2.58.

XPeng (NYSE:XPEV) last issued its quarterly earnings data on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.51) by $1.41. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $15.80 billion. Analysts predict that XPeng will post -0.96 EPS for the current fiscal year.

Institutional Investors Weigh In On XPeng

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in shares of XPeng by 70.1% in the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company’s stock worth $27,000 after acquiring an additional 532 shares in the last quarter. Atlas Capital Advisors Inc. increased its holdings in shares of XPeng by 651.0% in the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company’s stock worth $31,000 after acquiring an additional 1,302 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of XPeng during the first quarter worth about $39,000. SVB Wealth LLC acquired a new position in shares of XPeng during the first quarter worth about $46,000. Finally, Bayforest Capital Ltd boosted its position in shares of XPeng by 145.5% during the first quarter. Bayforest Capital Ltd now owns 2,283 shares of the company’s stock worth $47,000 after buying an additional 1,353 shares during the period. 21.09% of the stock is currently owned by 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.