XPeng (XPEV) to Release Earnings on Tuesday

XPeng (NYSE:XPEV) is projected to release its earnings data before the market opens on Tuesday, March 18th. Analysts expect XPeng to post earnings of ($1.36) per share and revenue of $16.11 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

XPeng Stock Down 6.4 %

NYSE:XPEV opened at $23.72 on Monday. The firm has a market cap of $22.34 billion, a P/E ratio of -27.26 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $27.16. The firm has a 50-day simple moving average of $17.22 and a two-hundred day simple moving average of $13.57.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XPEV shares. UBS Group raised shares of XPeng from a “sell” rating to a “neutral” rating and raised their price target for the company from $8.80 to $18.00 in a report on Monday, February 24th. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a report on Thursday, November 21st. Citigroup raised shares of XPeng from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.70 to $29.00 in a report on Monday, March 10th. Macquarie reissued a “neutral” rating and issued a $18.00 price objective on shares of XPeng in a report on Friday, February 7th. Finally, Sanford C. Bernstein raised their price objective on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.63.

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.