Rivian Automotive (NASDAQ:RIVN) Given New $90.00 Price Target at Mizuho
Rivian Automotive (NASDAQ:RIVN – Get Rating) had its price tag concentrate on dropped by investigation analysts at Mizuho from $95.00 to $90.00 in a be aware issued to investors on Wednesday, The Fly reports.
A variety of other equities analysis analysts have also issued experiences on RIVN. UBS Group assumed protection on shares of Rivian Automotive in a report on Tuesday, January 11th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” score and set a $91.00 focus on price tag on shares of Rivian Automotive in a research be aware on Friday, March 11th. Exane BNP Paribas assumed coverage on shares of Rivian Automotive in a research take note on Monday, April 11th. They established an “underperform” rating and a $35.00 cost aim on the stock. Royal Bank of Canada dropped their rate objective on shares of Rivian Automotive from $116.00 to $100.00 and established an “outperform” ranking on the inventory in a exploration take note on Friday, March 11th. Last but not least, BNP Paribas assumed protection on shares of Rivian Automotive in a investigation note on Monday, April 11th. They established an “underperform” score and a $35.00 cost goal on the stock. Two financial commitment analysts have rated the stock with a market rating, five have supplied a keep score and twelve have issued a acquire score to the corporation. According to info from MarketBeat.com, the stock presently has a consensus ranking of “Buy” and a consensus concentrate on cost of 83.65.
Shares of NASDAQ:RIVN opened at 39.15 on Wednesday. The inventory has a fifty working day uncomplicated going common of 49.30. Rivian Automotive has a 52 7 days lower of 33.46 and a 52 7 days significant of 179.47. The corporation has a financial debt-to-equity ratio of .06, a swift ratio of 13.93 and a present-day ratio of 14.14.
Rivian Automotive (NASDAQ:RIVN – Get Ranking) final issued its earnings final results on Thursday, March 10th. The electric powered car or truck automaker claimed -2.43 EPS for the quarter, missing analysts’ consensus estimates of -1.97 by -.46. The organization had earnings of 54.00 million for the quarter, compared to the consensus estimate of 60.72 million. As a team, equities analysts forecast that Rivian Automotive will publish -6.31 earnings for each share for the latest fiscal 12 months.
Many institutional investors and hedge money have lately additional to or diminished their stakes in the enterprise. Sargent Bickham Lagudis LLC acquired a new posture in shares of Rivian Automotive for the duration of the fourth quarter valued at somewhere around $25,000. World wide Prosperity Administration Expenditure Advisory Inc. procured a new position in shares of Rivian Automotive for the duration of the fourth quarter valued at approximately $25,000. Baldwin Brothers LLC MA ordered a new placement in shares of Rivian Automotive through the fourth quarter valued at around $26,000. Retirement Team LLC purchased a new stake in Rivian Automotive through the fourth quarter valued at about $26,000. Finally, Lumature Wealth Companions LLC bought a new stake in Rivian Automotive during the fourth quarter valued at somewhere around $26,000. 50.13% of the inventory is owned by hedge resources and other institutional investors.
About Rivian Automotive (Get Ranking)
Rivian Automotive, Inc develops and manufactures electric experience autos. It offers 5-passenger pickup vehicles and sports utility autos. The corporation presents electrical SUVs and electric pickup vehicles. The company was founded in 2009 and is centered in San Jose, California. It has added facilities in Irvine, Carson, and Palo Alto, California Ordinary, Illinois Woking, United Kingdom Plymouth, Michigan Vancouver, Canada and Wittman, Arizona.
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