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

Key Points

• EHang Holdings Limited (NASDAQ:EH) has received a consensus recommendation of "Buy" from seven research firms, with six analysts rating it as buy and one as strong buy.
• The average 1-year target price for EHang's stock among brokerages is $26.08, with JPMorgan Chase issuing an "overweight" rating and a target price of $26.00.
• Institutional investors own 94.03% of EHang's stock, with significant increases in holdings reported by KADENSA CAPITAL Ltd and Cubist Systematic Strategies LLC.

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) have been given a consensus recommendation of "Buy" by the seven research firms that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.08.

Separately, JPMorgan Chase & Co. started coverage on EHang in a research report on Thursday, August 21st. They issued an "overweight" rating and a $26.00 target price on the stock.

EHang Price Performance

NASDAQ:EH opened at $18.67 on Thursday. EHang has a 52 week low of $12.02 and a 52 week high of $29.76. The company has a quick ratio of 2.32, a current ratio of 2.50 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.34 billion, a P/E ratio of -37.34 and a beta of 1.16. The stock's fifty day moving average is $17.43 and its two-hundred day moving average is $17.75.

Institutional Investors Weigh In On EHang

Several institutional investors and hedge funds have recently modified their holdings of EH. KADENSA CAPITAL Ltd raised its holdings in shares of EHang by 585.4% in the 1st quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company's stock valued at $15,859,000 after buying an additional 648,412 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of 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 buying an additional 573,248 shares during the period. Norges Bank purchased a new stake in shares of EHang in the 2nd quarter valued at $7,669,000. Canada Pension Plan Investment Board purchased a new stake in shares of EHang in the 1st quarter valued at $8,162,000. Finally, Carrhae Capital LLP purchased a new stake in shares of EHang in the 2nd quarter valued at $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.

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