EHang Holdings Limited (NASDAQ:EH) Receives Consensus Recommendation of "Buy" from Analysts

EHang Holdings Limited (NASDAQ:EH - Get Free Report) has been given a consensus rating of "Buy" by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.68.

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

EHang Stock Performance

EHang stock opened at $17.34 on Friday. The company's 50-day moving average is $18.22 and its two-hundred day moving average is $18.01. EHang has a 1 year low of $10.40 and a 1 year high of $29.76. The company has a market cap of $1.25 billion, a PE ratio of -32.11 and a beta of 1.10. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. raised its stake in EHang by 2.9% in the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company's stock valued at $627,000 after purchasing an additional 1,112 shares in the last quarter. Geode Capital Management LLC raised its stake in EHang by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock valued at $437,000 after purchasing an additional 1,313 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock valued at $33,000 after purchasing an additional 1,472 shares in the last quarter. Natixis acquired a new position in EHang in the fourth quarter valued at about $25,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in EHang by 4.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company's stock valued at $1,529,000 after purchasing an additional 2,790 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

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.

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