EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• EHang Holdings Limited's stock has received a consensus rating of "Moderate Buy" from nine analysts, with one sell, seven buy, and one strong buy recommendation.
• The average 12-month target price for EHang shares is $26.08, while the stock is currently trading around $17.29.
• Institutional investors own approximately 94.03% of EHang's shares, indicating strong support from the investment community.

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $26.08.

EH has been the subject of several analyst reports. Dbs Bank initiated coverage on EHang in a report on Thursday, October 2nd. They issued a "buy" rating for the company. JPMorgan Chase & Co. initiated coverage on EHang in a report on Thursday, August 21st. They issued an "overweight" rating and a $26.00 price objective for the company. Weiss Ratings restated a "sell (d-)" rating on shares of EHang in a report on Wednesday, October 8th. Finally, Wall Street Zen cut EHang from a "hold" rating to a "sell" rating in a report on Friday, October 3rd.

EHang Price Performance

Shares of NASDAQ EH opened at $17.29 on Monday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -34.58 and a beta of 1.12. The business has a 50-day moving average of $17.45 and a 200-day moving average of $17.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.50 and a quick ratio of 2.32. EHang has a fifty-two week low of $12.02 and a fifty-two week high of $29.76.

Institutional Investors Weigh In On EHang

Several hedge funds have recently bought and sold shares of EH. Robeco Institutional Asset Management B.V. acquired a new stake in EHang during the first quarter worth approximately $1,207,000. Penserra Capital Management LLC acquired a new stake in EHang during the first quarter worth approximately $405,000. Cetera Investment Advisers acquired a new stake in EHang during the first quarter worth approximately $754,000. GSA Capital Partners LLP lifted its position in EHang by 177.7% during the first quarter. GSA Capital Partners LLP now owns 36,902 shares of the company's stock worth $771,000 after acquiring an additional 23,612 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in EHang by 4.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company's stock worth $1,529,000 after acquiring an additional 2,790 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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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