EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Average Rating of “Buy” by Brokerages

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has been given a consensus rating of “Buy” by the eight ratings firms that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $25.28.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. raised its stake in EHang by 2.9% during the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company’s stock valued at $627,000 after buying an additional 1,112 shares in the last quarter. Geode Capital Management LLC raised its stake in EHang by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 27,752 shares of the company’s stock valued at $437,000 after buying an additional 1,313 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in EHang by 247.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock valued at $33,000 after buying an additional 1,472 shares in the last quarter. Natixis acquired a new stake in EHang during the fourth quarter valued at approximately $25,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in EHang by 4.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company’s stock valued at $1,529,000 after buying an additional 2,790 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Stock Up 2.4%

EHang stock opened at $17.69 on Friday. EHang has a twelve month low of $10.40 and a twelve month high of $29.76. The stock has a 50 day moving average of $17.22 and a two-hundred day moving average of $18.31. The company has a current ratio of 2.68, a quick ratio of 2.45 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -36.85 and a beta of 1.06.

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.