XPeng (NYSE:XPEV – Get Free Report) Analysts at JPMorgan Chase & Co. lowered their price target to $8.00 from $9.00 in a note issued to investors Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 15.27% from the stock’s previous close.

Several other brokerages have also issued reports on XPEV recently. Daiwa Capital Markets raised XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target on the company in a report on Thursday, May 23rd. Bank of America lowered their price target on shares of XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup raised shares of XPeng from a “sell” rating to a “neutral” rating and raised their price target on the company from $7.70 to $8.30 in a report on Tuesday, June 25th. Finally, Daiwa America raised XPeng to a “strong-buy” rating in a report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.50.

Check out our latest report on XPEV

XPeng Stock Performance

Shares of XPEV opened at $6.94 on Wednesday. The stock has a 50-day moving average price of $7.72 and a 200-day moving average price of $8.18. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18. XPeng has a 12-month low of $6.55 and a 12-month high of $19.96. The company has a market cap of $6.54 billion, a PE ratio of -4.69 and a beta of 2.76.

XPeng (NYSE:XPEV – Get Free Report) last posted its earnings results on Tuesday, May 21. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $906.90 million for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. Equities research analysts predict that XPeng will post -0.91 earnings per share for the current fiscal year.

Hedge funds weigh in on XPeng

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in shares of XPeng during the 4th quarter worth approximately $52,000. Natixis purchased a new position in shares of XPeng during the 1st quarter worth approximately $38,000. Harel Insurance Investments & Financial Services Ltd. increased its shares in XPeng by 122.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock worth $39,000 after acquiring an additional 2,920 shares during the period. Blue Trust Inc. increased its shares of XPeng by 2,615.9% in the 2nd quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock worth $75,000 after purchasing an additional 9,391 shares in the last quarter. Finally, Caas Capital Management LP acquired a new stake in shares of XPeng in the fourth quarter worth approximately $153,000. 23.05% of the shares are held by institutional investors and hedge funds.

XPeng Company Profile

(Get free report)

XPeng Inc designs, develops, manufactures and sells smart electric vehicles (EVs) in the People’s Republic of China. It offers SUVs under the names G3, G3i and G9; four-door sports sedans under the names P7 and P7i; and family sedans under the name P5. The company also provides sales contracts, supercharging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, auto loan referral and other services, as well as auto leasing and insurance agency services.

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