EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives $23.48 Average PT from Analysts

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $23.48.

Several research analysts have commented on the company. JPMorgan Chase & Co. downgraded EHang from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $21.00 to $13.00 in a research note on Tuesday, November 25th. Bank of America reiterated a “buy” rating on shares of EHang in a research report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of EHang from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th.

EHang Price Performance

Shares of NASDAQ EH opened at $9.95 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 fifty-two week low of $9.94 and a fifty-two week high of $23.44. The stock has a market cap of $715.31 million, a PE ratio of -22.61 and a beta of 0.96. The stock has a fifty day moving average of $12.46 and a 200-day moving average of $14.70.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of EHang by 2.8% in the third quarter. Vanguard Group Inc. now owns 2,022,710 shares of the company’s stock worth $37,562,000 after purchasing an additional 55,913 shares during the period. FIL Ltd raised its position in shares of EHang by 2.9% in the fourth quarter. FIL Ltd now owns 1,402,092 shares of the company’s stock worth $18,480,000 after buying an additional 39,256 shares in the last quarter. State Street Corp boosted its stake in EHang by 4.7% during the fourth quarter. State Street Corp now owns 1,082,433 shares of the company’s stock valued at $14,266,000 after buying an additional 48,356 shares during the period. UBS Group AG grew its position in EHang by 19.0% during the fourth quarter. UBS Group AG now owns 941,689 shares of the company’s stock worth $12,411,000 after buying an additional 150,567 shares in the last quarter. Finally, Baillie Gifford & Co. purchased a new position in EHang during the fourth quarter worth about $10,204,000. 94.03% of the stock is owned by institutional investors.

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.