EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives $26.08 Average Price Target from Analysts

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $26.08.

Several brokerages recently issued reports on EH. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research note on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on EHang in a research note on Thursday, August 21st. They issued an “overweight” rating and a $26.00 price objective on the stock. Wall Street Zen lowered EHang from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Dbs Bank assumed coverage on EHang in a report on Thursday, October 2nd. They set a “buy” rating for the company.

EHang Stock Down 2.0%

Shares of NASDAQ:EH opened at $17.66 on Monday. EHang has a 1 year low of $12.02 and a 1 year high of $29.76. The business has a 50 day simple moving average of $17.46 and a two-hundred day simple moving average of $17.26. The firm has a market capitalization of $1.27 billion, a PE ratio of -35.32 and a beta of 1.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.50 and a quick ratio of 2.32.

Institutional Investors Weigh In On EHang

Several hedge funds have recently added to or reduced their stakes in EH. Legal & General Group Plc raised its holdings in EHang by 171.7% in the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after acquiring an additional 2,136 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in EHang by 3,147.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 6,528 shares of the company’s stock valued at $113,000 after acquiring an additional 6,327 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in EHang by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock valued at $127,000 after acquiring an additional 671 shares during the last quarter. Eschler Asset Management LLP acquired a new stake in EHang in the 1st quarter valued at about $292,000. Finally, Hsbc Holdings PLC acquired a new stake in EHang in the 2nd quarter valued at about $300,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

About EHang

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.