EHang Holdings Limited (NASDAQ:EH) Given Consensus Recommendation of “Buy” by Brokerages

EHang Holdings Limited (NASDAQ:EH) has been assigned an average rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.28.

A number of analysts have commented on the stock. Daiwa America raised shares of EHang to a “strong-buy” rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft raised shares of EHang from a “hold” rating to a “buy” rating and reduced their price objective for the company from $22.00 to $20.00 in a research note on Monday, April 14th. Jefferies Financial Group started coverage on shares of EHang in a research note on Monday, May 5th. They set a “buy” rating and a $30.40 price objective for the company. Daiwa Capital Markets started coverage on shares of EHang in a report on Wednesday, April 2nd. They set a “buy” rating and a $30.00 price target for the company. Finally, Bank of America decreased their price target on shares of EHang from $26.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, May 27th.

Hedge Funds Weigh In On EHang

Institutional investors and hedge funds have recently bought and sold shares of the stock. KADENSA CAPITAL Ltd boosted its stake in EHang by 585.4% during the first quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company’s stock worth $15,859,000 after buying an additional 648,412 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in EHang by 517.1% during the first quarter. Cubist Systematic Strategies LLC now owns 684,103 shares of the company’s stock worth $14,291,000 after buying an additional 573,248 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in EHang during the first quarter worth $8,162,000. Norges Bank acquired a new stake in EHang during the fourth quarter worth $3,809,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in EHang during the fourth quarter worth $1,977,000. Institutional investors own 94.03% of the company’s stock.

EHang Price Performance

Shares of NASDAQ EH opened at $16.31 on Tuesday. EHang has a twelve month low of $10.40 and a twelve month high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -30.20 and a beta of 1.06. The firm has a 50-day moving average of $16.86 and a two-hundred day moving average of $18.11.

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.