Macquarie Begins Coverage on XPeng (NYSE:XPEV)

Macquarie assumed coverage on shares of XPeng (NYSE:XPEV) in a research report report published on Wednesday morning, Analyst Price Targets reports. The brokerage issued an outperform rating on the stock.

A number of other analysts have also recently issued reports on the company. Sanford C. Bernstein initiated coverage on XPeng in a research report on Thursday, October 28th. They set an outperform rating and a $56.00 price objective on the stock. Zacks Investment Research upgraded XPeng from a sell rating to a hold rating in a research report on Thursday, December 2nd. Citigroup boosted their price objective on XPeng from $87.00 to $92.00 and gave the company a buy rating in a research report on Wednesday, November 24th. Finally, Bank of America upped their price target on XPeng from $63.00 to $66.00 and gave the company a buy rating in a research report on Wednesday, November 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, XPeng currently has an average rating of Buy and a consensus price target of $56.67.

Shares of XPeng stock opened at $49.69 on Wednesday. The firm has a market cap of $39.92 billion, a price-to-earnings ratio of -59.87 and a beta of 7.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.87 and a quick ratio of 3.69. XPeng has a 52-week low of $22.73 and a 52-week high of $60.04. The stock has a 50-day simple moving average of $47.15 and a 200-day simple moving average of $42.83.

XPeng (NYSE:XPEV) last posted its earnings results on Tuesday, November 23rd. The company reported ($0.29) earnings per share for the quarter. XPeng had a negative return on equity of 12.10% and a negative net margin of 28.56%. The company had revenue of $887.72 million during the quarter. As a group, equities research analysts predict that XPeng will post -1.05 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in XPEV. Consolidated Planning Corp bought a new stake in shares of XPeng during the third quarter worth $37,000. SRS Capital Advisors Inc. grew its holdings in shares of XPeng by 50.0% during the third quarter. SRS Capital Advisors Inc. now owns 1,500 shares of the company’s stock worth $53,000 after purchasing an additional 500 shares during the last quarter. Signaturefd LLC grew its holdings in shares of XPeng by 88.5% during the third quarter. Signaturefd LLC now owns 2,030 shares of the company’s stock worth $72,000 after purchasing an additional 953 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of XPeng during the second quarter worth $100,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of XPeng during the third quarter worth $116,000. Institutional investors own 27.01% of the company’s stock.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 name; and four-door sports sedan under the P7 name. The company also provides sales contract, maintenance, super charging, vehicle leasing, and ride-hailing services.

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Analyst Recommendations for XPeng (NYSE:XPEV)

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