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

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.48.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut EHang from an “overweight” rating to a “neutral” rating and cut their price target for the company from $21.00 to $13.00 in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a report on Wednesday, January 21st. Wall Street Zen lowered EHang from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Bank of America reaffirmed a “buy” rating on shares of EHang in a report on Thursday, March 12th.

Institutional Investors Weigh In On EHang

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in EHang by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock valued at $127,000 after purchasing an additional 671 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of EHang by 47.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock worth $63,000 after buying an additional 1,553 shares during the period. Leonteq Securities AG purchased a new position in shares of EHang during the fourth quarter worth about $26,000. Legal & General Group Plc grew its holdings in shares of EHang by 171.7% during the second 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 during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in EHang by 5.2% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,677 shares of the company’s stock valued at $1,164,000 after acquiring an additional 3,110 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Trading Down 3.6%

NASDAQ EH opened at $11.17 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.98 and a current ratio of 2.12. EHang has a one year low of $11.07 and a one year high of $24.84. The firm has a market cap of $803.01 million, a price-to-earnings ratio of -25.39 and a beta of 0.96. The firm has a 50 day simple moving average of $12.61 and a 200-day simple moving average of $14.77.

About EHang

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.