EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives $25.28 Consensus Target Price from Analysts

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

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

Institutional Trading of EHang

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in EHang during the 4th quarter valued at $428,000. Norges Bank acquired a new position in EHang during the 4th quarter valued at about $3,809,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of EHang in the 1st quarter worth approximately $1,207,000. Marshall Wace LLP boosted its holdings in shares of EHang by 20.9% in the fourth quarter. Marshall Wace LLP now owns 101,966 shares of the company's stock worth $1,605,000 after buying an additional 17,614 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of EHang by 2,080.4% in the fourth quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock worth $913,000 after buying an additional 55,318 shares during the period. Hedge funds and other institutional investors own 94.03% of the company's stock.

EHang Price Performance

Shares of NASDAQ:EH traded up $0.46 during midday trading on Friday, hitting $18.14. The stock had a trading volume of 1,223,316 shares, compared to its average volume of 1,716,606. The company's 50-day moving average price is $17.20 and its 200-day moving average price is $18.35. The company has a quick ratio of 2.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.07. EHang has a fifty-two week low of $10.40 and a fifty-two week high of $29.76. The company has a market capitalization of $1.30 billion, a P/E ratio of -37.78 and a beta of 1.06.

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.