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

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 earned a consensus rating of "Buy" from the eight ratings firms that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $25.28.

EH has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of EHang from a "hold" rating to a "buy" rating and reduced their price target for the stock from $22.00 to $20.00 in a research note on Monday, April 14th. Jefferies Financial Group initiated coverage on shares of EHang in a research note on Monday, May 5th. They issued a "buy" rating and a $30.40 price target on the stock. Finally, Bank of America reduced their price target on shares of EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th.

EHang Price Performance

Shares of NASDAQ:EH traded up $0.01 during midday trading on Wednesday, reaching $17.28. 466,069 shares of the company were exchanged, compared to its average volume of 1,310,061. EHang has a one year low of $10.90 and a one year high of $29.76. The company has a current ratio of 2.68, a quick ratio of 2.45 and a debt-to-equity ratio of 0.07. The business's fifty day moving average is $17.29 and its two-hundred day moving average is $18.70. The stock has a market cap of $1.24 billion, a PE ratio of -36.00 and a beta of 1.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted 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 purchasing an additional 56,652 shares in the last quarter. KADENSA CAPITAL Ltd raised its holdings in EHang by 585.4% during the first quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company's stock worth $15,859,000 after purchasing an additional 648,412 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of EHang by 517.1% during the first quarter. Cubist Systematic Strategies LLC now owns 684,103 shares of the company's stock worth $14,291,000 after acquiring an additional 573,248 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of EHang during the first quarter worth approximately $8,162,000. Finally, Carrhae Capital LLP purchased a new position in shares of EHang during the second quarter worth approximately $4,717,000. 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.