EHang (NASDAQ:EH) Research Coverage Started at Bank of America

Bank of America assumed coverage on shares of EHang (NASDAQ:EH) in a research note published on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating and a $26.00 price objective on the stock.

EH has been the subject of several other research reports. Jefferies Financial Group began coverage on EHang in a research note on Monday, May 5th. They set a “buy” rating and a $30.40 price objective for the company. Daiwa America upgraded EHang to a “strong-buy” rating in a report on Tuesday, April 1st. Daiwa Capital Markets started coverage on EHang in a report on Wednesday, April 2nd. They set a “buy” rating and a $30.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded EHang from a “hold” rating to a “buy” rating and reduced their target price for the stock from $22.00 to $20.00 in a report on Monday, April 14th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.68.

EHang Price Performance

EHang stock opened at $19.02 on Wednesday. The firm has a market capitalization of $1.37 billion, a P/E ratio of -35.22 and a beta of 1.10. EHang has a one year low of $10.40 and a one year high of $29.76. The business has a fifty day moving average price of $18.68 and a 200-day moving average price of $18.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25.

Institutional Trading of EHang

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Natixis purchased a new stake in shares of EHang in the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC grew its stake in shares of EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after buying an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of EHang in the 4th quarter worth approximately $79,000. Eschler Asset Management LLP purchased a new stake in shares of EHang in the 1st quarter worth approximately $292,000. Finally, ABS Direct Equity Fund LLC purchased a new stake in shares of EHang in the 1st quarter worth approximately $292,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.