Brokerages Set EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Price Target at $25.28

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have been given an average rating of “Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.28.

Several research analysts have recently issued reports on EH shares. Bank of America cut their price target on EHang from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft upgraded shares of EHang from a “hold” rating to a “buy” rating and dropped their target price for the company from $22.00 to $20.00 in a report on Monday, April 14th. Daiwa America raised shares of EHang to a “strong-buy” rating in a report on Tuesday, April 1st. Jefferies Financial Group initiated coverage on shares of EHang in a research report on Monday, May 5th. They issued a “buy” rating and a $30.40 price target on the stock. Finally, Daiwa Capital Markets started coverage on shares of EHang in a research note on Wednesday, April 2nd. They set a “buy” rating and a $30.00 price objective for the company.

Institutional Investors Weigh In On EHang

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in EHang in the fourth quarter valued at $428,000. Norges Bank purchased a new stake in EHang in the 4th quarter valued at about $3,809,000. SBI Securities Co. Ltd. purchased a new stake in EHang in the 4th quarter valued at about $431,000. Marshall Wace LLP increased its stake in shares of EHang by 20.9% during the 4th quarter. Marshall Wace LLP now owns 101,966 shares of the company’s stock valued at $1,605,000 after acquiring an additional 17,614 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of EHang by 2,080.4% during the 4th quarter. Headlands Technologies LLC now owns 57,977 shares of the company’s stock worth $913,000 after acquiring an additional 55,318 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

EHang Stock Down 2.7%

EH opened at $16.21 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.45 and a current ratio of 2.68. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -33.77 and a beta of 1.06. EHang has a one year low of $10.40 and a one year high of $29.76. The business’s fifty day moving average is $16.97 and its two-hundred day moving average is $18.13.

EHang Company Profile

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.