EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $23.48.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of EHang from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $21.00 to $13.00 in a research report on Tuesday, November 25th. Wall Street Zen raised shares of EHang from a “sell” rating to a “hold” rating in a research note on Saturday. Dbs Bank began coverage on shares of EHang in a research report on Thursday, October 2nd. They set a “buy” rating for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of EHang in a report on Wednesday, October 8th.

EHang Trading Up 9.6%

Shares of EH stock opened at $14.44 on Friday. EHang has a 1-year low of $12.71 and a 1-year high of $29.76. The company has a current ratio of 2.33, a quick ratio of 2.17 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -25.79 and a beta of 0.48. The stock has a 50-day moving average of $14.74 and a 200-day moving average of $16.56.

Institutional Investors Weigh In On EHang

Several institutional investors and hedge funds have recently made changes to their positions in EH. JPMorgan Chase & Co. increased its holdings in EHang by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after purchasing an additional 671 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of EHang by 171.7% during the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock worth $59,000 after buying an additional 2,136 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of EHang by 5.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,677 shares of the company’s stock worth $1,164,000 after buying an additional 3,110 shares during the period. California Public Employees Retirement System increased its stake in shares of EHang by 8.2% in the 3rd quarter. California Public Employees Retirement System now owns 54,450 shares of the company’s stock valued at $1,011,000 after acquiring an additional 4,112 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of EHang by 12.9% in the 2nd quarter. Squarepoint Ops LLC now owns 44,378 shares of the company’s stock valued at $770,000 after acquiring an additional 5,063 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

EHang Company Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.