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

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $23.48.

A number of brokerages recently issued reports on EH. Wall Street Zen cut shares of EHang from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Dbs Bank assumed coverage on shares of EHang in a research report on Thursday, October 2nd. They set a “buy” rating on the stock. JPMorgan Chase & Co. cut shares of EHang from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $21.00 to $13.00 in a research report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a research note on Wednesday, January 21st.

EHang Price Performance

EHang stock opened at $13.27 on Wednesday. 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 firm has a market capitalization of $953.98 million, a P/E ratio of -23.70 and a beta of 0.48. The business has a 50-day moving average of $13.85 and a 200-day moving average of $16.23. EHang has a 1 year low of $12.71 and a 1 year high of $29.76.

Hedge Funds Weigh In On EHang

Several institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. acquired a new position in shares of EHang in the 4th quarter valued at approximately $10,204,000. JPMorgan Chase & Co. boosted its holdings in shares of EHang by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 8,404 shares of the company’s stock valued at $156,000 after buying an additional 1,112 shares during the period. Advisory Services Network LLC acquired a new position in shares of EHang in the third quarter valued at approximately $117,000. Nomura Holdings Inc. bought a new stake in shares of EHang during the third quarter worth $742,000. Finally, California Public Employees Retirement System raised its holdings in shares of EHang by 8.2% during the third quarter. California Public Employees Retirement System now owns 54,450 shares of the company’s stock worth $1,011,000 after acquiring an additional 4,112 shares during the period. 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.