XPeng Inc. (NYSE: XPEV) Fiscal Year 2022 Earnings Estimate Released by Jefferies Financial Group

XPeng Inc. (NYSE: XPEV – Get a rating) – Equity researchers at Jefferies Financial Group cut their earnings per share (EPS) estimates for fiscal year 2022 for XPeng shares in a report released Thursday, August 25. Jefferies Financial Group analyst J. Wan now expects the company to post earnings of ($1.50) per share for the year, down from his previous forecast of ($1.32). The consensus estimate of XPeng’s current annual earnings is ($3.72) per share. Jefferies Financial Group also released estimates for XPeng’s fiscal year 2023 earnings at ($1.62) EPS, fiscal year 2024 earnings at ($1.50) EPS, fiscal year 2025 earnings at ($0.09) EPS and earnings for fiscal year 2026 at $2.67 EPS.

XPEV has been the subject of several other reports. Citigroup cut its price target on XPeng from $51.59 to $27.87 and set a “buy” rating for the company in a Wednesday, August 24 report. JPMorgan Chase & Co. lowered its price target on XPeng from $42.00 to $35.00 in a Tuesday, May 24 report. Barclays downgraded XPeng from an “overweight” rating to an “equal weight” rating and lowered its price target for the stock from $30.00 to $22.00 in a Tuesday, August 23 report. Nomura Instinet restated a “neutral” rating and set a price target of $36.30 on XPeng shares in a Friday, July 1 report. Finally, Nomura downgraded XPeng from a “buy” rating to a “neutral” rating and lowered its price target for the stock from $64.60 to $36.30 in a Thursday, June 30 report. Four equity research analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.92.

XPeng is trading down 2.7%

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Shares of XPEV opened at $18.92 on Monday. The stock has a fifty-day moving average of $26.52 and a two-hundred-day moving average of $26.88. The company has a debt ratio of 0.09, a quick ratio of 2.11 and a current ratio of 2.29. The company has a market capitalization of $16.19 billion, a PE ratio of -14.33 and a beta of 3.11. XPeng has a fifty-two week low of $18.01 and a fifty-two week high of $56.45.

Institutional investors weigh in on XPeng

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tradition Wealth Management LLC increased its holdings of XPeng shares by 65.6% in the second quarter. Tradition Wealth Management LLC now owns 1,159 shares of the company valued at $37,000 after acquiring 459 additional shares in the last quarter. UMB Bank NA MO bought a new stake in XPeng during the fourth quarter worth approximately $41,000. AdvisorNet Financial Inc increased its holdings in XPeng by 114.1% in the first quarter. AdvisorNet Financial Inc now owns 2,013 shares of the company worth $56,000 after buying 1,073 additional shares in the last quarter. Edmond DE Rothschild Holding SA acquired a new position in XPeng in Q1 worth approximately $61,000. Finally, Captrust Financial Advisors increased its stake in XPeng by 50.0% in the 1st quarter. Captrust Financial Advisors now owns 2,400 shares of the company worth $66,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds hold 27.01% of the company’s shares.

XPeng Company Profile

(Get a rating)

XPeng Inc designs, develops, manufactures and markets smart electric vehicles in the People’s Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans as the P7; and family sedans as the P5. The company also offers contracts for sales, maintenance, super charging, vehicle rental, insurance agency, carpooling, technical assistance, car loan referral and car financing, music subscription and other services.

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