EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Average Rating of "Buy" by Analysts

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) has been given a consensus recommendation of "Buy" by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $25.28.

Several equities research analysts recently issued reports on the stock. Bank of America reduced their target price on shares of EHang from $26.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Daiwa America upgraded shares of EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Daiwa Capital Markets assumed coverage on shares of EHang in a research report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of EHang in a report on Monday, May 5th. They issued a "buy" rating and a $30.40 target price for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and cut their price target for the stock from $22.00 to $20.00 in a research note on Monday, April 14th.

Institutional Trading of EHang

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. KADENSA CAPITAL Ltd raised its holdings in shares of EHang by 585.4% during the 1st quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company's stock worth $15,859,000 after acquiring an additional 648,412 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of EHang by 517.1% in the first quarter. Cubist Systematic Strategies LLC now owns 684,103 shares of the company's stock valued at $14,291,000 after purchasing an additional 573,248 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in EHang in the first quarter worth $8,162,000. Norges Bank purchased a new stake in EHang during the fourth quarter valued at $3,809,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in EHang during the fourth quarter valued at $1,977,000. 94.03% of the stock is currently owned by institutional investors.

EHang Stock Performance

Shares of EH stock traded down $0.30 during mid-day trading on Tuesday, reaching $16.36. 616,279 shares of the company's stock traded hands, compared to its average volume of 1,674,280. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.45 and a current ratio of 2.68. The firm has a market capitalization of $1.18 billion, a PE ratio of -34.02 and a beta of 1.06. EHang has a 12 month low of $10.40 and a 12 month high of $29.76. The firm has a 50 day moving average price of $16.93 and a two-hundred day moving average price of $18.10.

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.