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

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

A number of brokerages have issued reports on EH. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. Wall Street Zen downgraded EHang from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. Finally, JPMorgan Chase & Co. downgraded EHang from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $13.00 in a research report on Tuesday, November 25th.

Institutional Investors Weigh In On EHang

A number of hedge funds have recently made changes to their positions in EH. Vanguard Group Inc. grew its position in EHang by 2.8% during the third quarter. Vanguard Group Inc. now owns 2,022,710 shares of the company’s stock valued at $37,562,000 after buying an additional 55,913 shares during the period. FIL Ltd boosted its stake in EHang by 2.9% in the fourth quarter. FIL Ltd now owns 1,402,092 shares of the company’s stock valued at $18,480,000 after acquiring an additional 39,256 shares during the last quarter. State Street Corp grew its position in shares of EHang by 4.7% during the 4th quarter. State Street Corp now owns 1,082,433 shares of the company’s stock valued at $14,266,000 after acquiring an additional 48,356 shares during the period. UBS Group AG increased its stake in shares of EHang by 19.0% during the 4th quarter. UBS Group AG now owns 941,689 shares of the company’s stock worth $12,411,000 after purchasing an additional 150,567 shares during the last quarter. Finally, Baillie Gifford & Co. bought a new stake in shares of EHang in the 4th quarter worth approximately $10,204,000. 94.03% of the stock is currently owned by institutional investors.

EHang Stock Performance

Shares of EH stock opened at $12.20 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.33 and a quick ratio of 2.17. The firm has a 50-day moving average of $13.17 and a 200-day moving average of $15.45. EHang has a one year low of $11.23 and a one year high of $28.59. The company has a market cap of $877.06 million, a P/E ratio of -21.79 and a beta of 0.91.

EHang Company Profile

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.