Brokerages Set EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Price Target at $25.28

Key Points

• EHang Holdings Limited has received a consensus recommendation of "Buy" from eight brokerages, with an average target price of $25.28 for the stock over the next year.
• Institutional ownership is significant, with 94.03% of the company's stock held by hedge funds and other institutional investors, including Vanguard Group and KADENSA CAPITAL, which have increased their stakes recently.
• The company's current market cap stands at $1.24 billion, with shares currently trading around $17.27, reflecting a 12-month range between $10.90 and $29.76.

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) have received a consensus recommendation of "Buy" from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $25.28.

A number of equities research analysts recently commented on EH shares. Bank of America decreased their target price on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Jefferies Financial Group started coverage on shares of EHang in a research report on Monday, May 5th. They set a "buy" rating and a $30.40 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and dropped their price target for the stock from $22.00 to $20.00 in a research report on Monday, April 14th.

EHang Price Performance

NASDAQ:EH traded up $0.44 on Wednesday, reaching $17.89. 681,881 shares of the company's stock traded hands, compared to its average volume of 1,303,474. The stock has a 50-day simple moving average of $17.36 and a 200-day simple moving average of $18.72. EHang has a 12 month low of $10.90 and a 12 month high of $29.76. The firm has a market cap of $1.29 billion, a PE ratio of -37.27 and a beta of 1.16. The company has a quick ratio of 2.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.07.

Institutional Investors Weigh In On EHang

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of EHang by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock worth $26,003,000 after buying an additional 56,652 shares during the period. JPMorgan Chase & Co. purchased a new position in EHang during the 4th quarter valued at about $79,000. Norges Bank purchased a new position in EHang during the 4th quarter valued at about $3,809,000. Geode Capital Management LLC grew its position in EHang by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock valued at $437,000 after acquiring an additional 1,313 shares in the last quarter. Finally, Invesco Ltd. increased its stake in EHang by 2.9% during the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company's stock worth $627,000 after purchasing an additional 1,112 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

EHang Company Profile

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.