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

Key Points

• EHang Holdings Limited (NASDAQ:EH) has received a consensus rating of “Buy” from eight research firms, with an average 1-year target price of $26.08.
• Institutional investors now own 94.03% of EHang’s stock, with significant stake increases from firms like JPMorgan Chase and Tower Research Capital.
• The company's stock is currently trading at $15.83, experiencing a decline of 2.0% recently, with a market capitalization of $1.14 billion.

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) have received a consensus rating of "Buy" from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Seven equities 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 analysts that have updated their coverage on the stock in the last year is $26.08.

Several equities research analysts have recently commented on EH shares. Bank of America decreased their price target on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. JPMorgan Chase & Co. assumed coverage on shares of EHang in a report on Thursday, August 21st. They issued an "overweight" rating and a $26.00 price target on the stock.

EHang Price Performance

Shares of NASDAQ:EH traded down $0.20 during trading on Friday, hitting $15.72. 148,014 shares of the stock were exchanged, compared to its average volume of 1,758,452. The company has a fifty day moving average price of $17.57 and a two-hundred day moving average price of $18.49. The company has a market cap of $1.13 billion, a PE ratio of -31.54 and a beta of 1.16. The company has a current ratio of 2.50, a quick ratio of 2.45 and a debt-to-equity ratio of 0.06. EHang has a 12-month low of $11.35 and a 12-month high of $29.76.

Institutional Trading of EHang

Several institutional investors and hedge funds have recently modified their holdings of the business. KADENSA CAPITAL Ltd lifted its holdings in shares of EHang by 585.4% in the first quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company's stock valued at $15,859,000 after purchasing an additional 648,412 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in EHang by 517.1% in the 1st 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. Norges Bank purchased a new position in EHang in the 2nd quarter valued at about $7,669,000. Canada Pension Plan Investment Board purchased a new position in EHang in the 1st quarter valued at about $8,162,000. Finally, Carrhae Capital LLP purchased a new position in EHang in the 2nd quarter valued at about $4,717,000. Hedge funds and other institutional investors 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.