EHang (NASDAQ:EH) Rating Lowered to Sell at Wall Street Zen

EHang (NASDAQ:EHGet Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. lowered EHang from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $21.00 to $13.00 in a research note on Tuesday, November 25th. Bank of America restated a “buy” rating on shares of EHang in a research note on Thursday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.48.

View Our Latest Analysis on EHang

EHang Stock Down 2.1%

EH opened at $11.85 on Friday. The company has a market capitalization of $851.90 million, a P/E ratio of -26.93 and a beta of 0.96. 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’s fifty day moving average price is $12.76 and its two-hundred day moving average price is $14.86. EHang has a fifty-two week low of $11.07 and a fifty-two week high of $25.79.

Hedge Funds Weigh In On EHang

Several institutional investors have recently bought and sold shares of EH. JPMorgan Chase & Co. boosted its stake in EHang by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after purchasing an additional 671 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of EHang by 47.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock worth $63,000 after purchasing an additional 1,553 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of EHang in the fourth quarter valued at $26,000. Legal & General Group Plc raised its holdings in shares of EHang by 171.7% in the second quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after buying an additional 2,136 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of EHang by 5.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,677 shares of the company’s stock valued at $1,164,000 after buying an additional 3,110 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

Key Headlines Impacting EHang

Here are the key news stories impacting EHang this week:

EHang Company Profile

(Get Free Report)

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.

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