The shares of NIO Inc. (NYSE:NIO) has been pegged with a rating of Outperform by Credit Suisse in its latest research note that was published on October 22nd, 2018. The research company has also assigned a $12.60 price target. Credit Suisse wasn’t the only research firm that published a report of NIO Inc., with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on October 9th, 2018, to Neutral the NIO stock.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $7.72. The price of the stock the last time has raised by 37.76% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 53.28.
The shares of the company added by 4.10% during the trading session on Thursday, reaching a low of $6.72 while ending the day at $7.37. During the trading session, a total of 16.65 million shares were traded which represents a 37.3% incline from the average session volume which is 26.55M shares. NIO had ended its last session trading at 7.08. NIO Inc. currently has a market cap of $7.64B while its P/E earnings growth sits at 33.17. NIO Inc. debt-to-equity ratio currently stands at 0.18, while its quick ratio hovers at 2.30. NIO 52-week low price stands at $5.35 while its 52-week high price is $13.80.
The NIO Inc. generated $212.22 million in revenue during the last quarter, which is slightly lower than the $230.59 million predicted by analysts. NIO Inc. has the potential to record -44.10 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on October 29th, 2018 where it informed investors and clients that ConocoPhillips (NYSE:COP) is now rated as Buy. JP Morgan also rated COP as Initiated on October 9th, 2018, with its price target of $47 suggesting that COP could surge by 19.03% from its current share price. Even though the stock has been trading at $66.92/share, analysts expect it to surge higher by -0.46% to reach $82.26/share. It started the day trading at $66.61 and traded between $64.31 and $66.61 throughout the trading session.
A look at its technical shows that COP’s 50-day SMA is 70.31 while its 200-day SMA stands at 67.67. The stock has a high of $80.24 for the year while the low is $50.08. The company’s P/E ratio currently sits at 15.37, while the P/B ratio is 2.42. The company’s average trading volume currently stands at 6.62M shares, which means that the short-interest ratio is just 1.76 days. Over the past seven days, the company moved, with its shift of 0.39%. Looking further, the stock has dropped -5.57% over the past 90 days while it lost -4.13% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more COP shares, increasing its portfolio by +0.54% during the last quarter. This move now sees The Vanguard Group Inc purchasing 468,232 shares in the last quarter, thus it now holds 86,907,969 shares of COP, with a total valuation of $6,074,867,033. Capital Research Management Co meanwhile bought more COP shares in the recently filed quarter, changing its stake to $4,612,104,823 worth of shares. SSgA Funds Management Inc followed the path by increasing its COP portfolio by +6.03% in the quarter. This means that SSgA Funds Management Inc bought 3,217,443 shares in the last quarter and now controls 56,555,760 shares of the COP stock, with the valuation hitting $3,953,247,624.
Similarly, Fidelity Management Research Co decreased its ConocoPhillips shares by -11.08% during the recently filed quarter. After selling -4,832,056 shares in the last quarter, the firm now controls 38,788,659 shares of ConocoPhillips which are valued at $2,711,327,264. In the same vein, Barrow Hanley Mewhinney Strau decreased its ConocoPhillips shares by during the most recent reported quarter. The firm sold -764,635 shares during the quarter which decreased its stakes to 17,548,125 shares and is now valued at $1,226,613,938. Following these latest developments, around 0.13% of ConocoPhillips stocks are owned by institutional investors and hedge funds.