EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives $7.18 Consensus Target Price from Brokerages

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has received an average rating of “Reduce” from the eight analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $6.70.

A number of analysts recently commented on EH shares. Weiss Ratings cut EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 14th. Dbs Bank downgraded EHang from a “buy” rating to a “hold” rating in a research note on Friday, August 28th. Morgan Stanley set a $5.30 price target on shares of EHang and gave the company an “equal weight” rating in a research report on Tuesday. Zacks Research upgraded shares of EHang from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. Finally, The Goldman Sachs Group downgraded shares of EHang from a “buy” rating to a “neutral” rating and set a $7.30 price objective on the stock. in a report on Tuesday, July 14th.

EHang Stock Performance

Shares of EH stock opened at $4.57 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.84 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $5.10 and a 200-day moving average price of $7.90. EHang has a 52 week low of $4.31 and a 52 week high of $20.20. The firm has a market capitalization of $342.92 million, a PE ratio of -7.36 and a beta of 1.17.

EHang (NASDAQ:EH) last issued its earnings results on Friday, August 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $11.46 million during the quarter. EHang had a negative return on equity of 32.73% and a negative net margin of 74.74%. As a group, equities research analysts expect that EHang will post -0.83 earnings per share for the current year.

EHang declared that its board has authorized a stock buyback program on Monday, June 8th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On EHang

Hedge funds have recently modified their holdings of the business. Leonteq Securities AG bought a new position in EHang in the 4th quarter worth $26,000. Bessemer Group Inc. bought a new position in shares of EHang in the first quarter worth about $51,000. Headlands Technologies LLC raised its stake in shares of EHang by 26.7% in the second quarter. Headlands Technologies LLC now owns 19,964 shares of the company’s stock worth $131,000 after buying an additional 4,209 shares during the period. FourThought Financial Partners LLC purchased a new position in shares of EHang during the 4th quarter valued at about $190,000. Finally, Bank of America Corp DE lifted its position in shares of EHang by 187.6% during the 1st quarter. Bank of America Corp DE now owns 30,312 shares of the company’s stock valued at $294,000 after buying an additional 19,771 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

About EHang

EHang Holdings Limited is a China-based technology company focused on autonomous aerial vehicles (AAVs) and urban air mobility. The company develops aircraft, autonomous flight systems, and supporting infrastructure intended to enable pilotless passenger transportation and other low-altitude aerial services.

Its product portfolio includes the EH216 series of electric vertical takeoff and landing (eVTOL) aircraft, including the EH216-S passenger-carrying model. EHang also develops AAV applications for logistics, medical and emergency response, firefighting, aerial media, and other specialized uses, along with command-and-control systems and related operational services.

Founded in 2014 and headquartered in Guangzhou, China, EHang has conducted demonstration flights, commercial-operation trials, and partnerships in China and selected international markets.