EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.48.

EH has been the subject of a number of recent analyst reports. Bank of America restated a “buy” rating on shares of EHang in a research report on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research note on Wednesday, January 21st. JPMorgan Chase & Co. cut EHang from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $21.00 to $13.00 in a report on Tuesday, November 25th. Finally, Wall Street Zen downgraded EHang from a “hold” rating to a “sell” rating in a research note on Sunday.

EHang Stock Down 3.6%

Shares of NASDAQ:EH opened at $11.17 on Thursday. EHang has a fifty-two week low of $11.07 and a fifty-two week high of $24.84. The company has a quick ratio of 1.98, a current ratio of 2.12 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $12.61 and its 200-day simple moving average is $14.77. The company has a market cap of $803.01 million, a price-to-earnings ratio of -25.39 and a beta of 0.96.

Hedge Funds Weigh In On EHang

Large investors have recently made changes to their positions in the stock. Leonteq Securities AG purchased a new stake in EHang during the fourth quarter worth about $26,000. Legal & General Group Plc increased its holdings in 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 in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of EHang by 47.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the company’s stock valued at $63,000 after acquiring an additional 1,553 shares during the period. Advisory Services Network LLC acquired a new stake in shares of EHang during the 3rd quarter valued at approximately $117,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of EHang by 10.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after acquiring an additional 671 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.