EHang Holdings Limited Unsponsored ADR (EH) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts are broadly cautious on EHang: Eight analysts give the stock an average “Reduce” rating, including three sells and five holds. The average 12-month price target is $6.70.
• Recent broker actions were mostly negative: JPMorgan cut its rating to “underweight” and reduced its target to $4.40, while Goldman Sachs and Morgan Stanley also downgraded the stock; targets cited ranged from $4.40 to $7.30.
• EHang continues to show weak financial performance: Shares opened at $3.59, near their 12-month low of $3.31, while the company reported a quarterly loss of $0.11 per share, a negative net margin of 74.74%, and analysts expect a full-year loss of $0.72 per share.

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) have earned an average recommendation of "Reduce" from the eight analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.70.

Several equities research analysts recently issued reports on EH shares. Wall Street Zen downgraded EHang from a "sell" rating to a "strong sell" rating in a research note on Saturday, September 12th. JPMorgan Chase & Co. cut EHang from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $9.70 to $4.40 in a research note on Monday, July 6th. The Goldman Sachs Group downgraded EHang from a "buy" rating to a "neutral" rating and set a $7.30 target price on the stock. in a report on Tuesday, July 14th. Zacks Research upgraded EHang from a "strong sell" rating to a "hold" rating in a report on Friday, September 4th. Finally, Morgan Stanley lowered shares of EHang from an "overweight" rating to an "equal weight" rating and set a $5.30 price target for the company. in a research report on Tuesday, September 15th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Leonteq Securities AG lifted its position in EHang by 100.0% in the 1st quarter. Leonteq Securities AG now owns 4,000 shares of the company's stock worth $39,000 after buying an additional 2,000 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of EHang by 26.7% during the 2nd quarter. Headlands Technologies LLC now owns 19,964 shares of the company's stock valued at $131,000 after buying an additional 4,209 shares during the period. Bessemer Group Inc. acquired a new stake in shares of EHang during the 1st quarter valued at $51,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of EHang during the 3rd quarter valued at $36,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of EHang by 24.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 55,305 shares of the company's stock valued at $362,000 after acquiring an additional 10,860 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

EHang Price Performance

Shares of NASDAQ:EH opened at $3.59 on Friday. The company's fifty day moving average is $4.26 and its two-hundred day moving average is $8.10. The company has a market cap of $269.68 million, a P/E ratio of -5.79 and a beta of 1.15. EHang has a 12-month low of $3.31 and a 12-month high of $18.65. The company has a quick ratio of 1.65, a current ratio of 1.84 and a debt-to-equity ratio of 0.13.

EHang (NASDAQ:EH - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.11) EPS for the quarter. EHang had a negative return on equity of 32.73% and a negative net margin of 74.74%. The business had revenue of $11.46 million during the quarter. Equities analysts expect that EHang will post -0.72 earnings per share for the current fiscal year.

EHang Company Profile

EHang Holdings Limited is a China-based technology company focused on autonomous aerial vehicles (AAVs) and urban air mobility. The company develops, manufactures and operates pilotless electric aircraft designed for passenger transportation, logistics, emergency response, firefighting, aerial media and other commercial applications.

EHang's product portfolio includes the EH216 series of autonomous aircraft, including passenger-carrying and cargo-oriented configurations, as well as command-and-control systems and related flight services.

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