EHang Holdings Limited (NASDAQ:EH) Receives $24.88 Average Price Target from Analysts

Shares of EHang Holdings Limited (NASDAQ:EH) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.88.

Several equities research analysts have recently issued reports on EH shares. CICC Research began coverage on EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating for the company. Daiwa Capital Markets assumed coverage on EHang in a research report on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded shares of EHang from a “hold” rating to a “buy” rating and cut their price objective for the company from $22.00 to $20.00 in a research report on Monday, April 14th. Finally, Daiwa America upgraded shares of EHang to a “strong-buy” rating in a report on Tuesday, April 1st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Baader Bank Aktiengesellschaft lifted its stake in EHang by 22.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock worth $2,803,000 after acquiring an additional 33,000 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of EHang during the fourth quarter valued at approximately $431,000. Vanguard Group Inc. increased its holdings in EHang by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company’s stock valued at $26,003,000 after buying an additional 56,652 shares during the period. JPMorgan Chase & Co. bought a new position in EHang in the fourth quarter worth approximately $79,000. Finally, Norges Bank purchased a new stake in EHang during the fourth quarter worth $3,809,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Stock Up 0.1 %

Shares of NASDAQ EH opened at $16.75 on Monday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -31.02 and a beta of 0.99. EHang has a 12-month low of $10.40 and a 12-month high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $19.63 and its 200-day moving average price is $17.82.

About EHang

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.