Jefferies Financial Group began coverage on shares of EHang (NASDAQ:EH - Free Report) in a report issued on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $30.40 price objective on the stock.
Several other research firms have also recently commented on EH. Daiwa Capital Markets assumed coverage on shares of EHang in a research report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised EHang from a "hold" rating to a "buy" rating and cut their price objective for the stock from $22.00 to $20.00 in a research report on Monday, April 14th. Finally, Daiwa America raised EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $25.60.
Check Out Our Latest Stock Analysis on EH
EHang Stock Down 2.0 %
Shares of EHang stock traded down $0.38 on Monday, hitting $18.74. The company had a trading volume of 567,762 shares, compared to its average volume of 1,645,603. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -34.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. EHang has a 1 year low of $10.40 and a 1 year high of $29.76. The stock has a 50 day moving average of $19.10 and a 200-day moving average of $17.91.
Institutional Investors Weigh In On EHang
Hedge funds and other institutional investors have recently modified their holdings of the stock. Natixis purchased a new stake in shares of EHang in the 4th quarter valued at about $25,000. Tower Research Capital LLC TRC raised its stake in EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock valued at $33,000 after purchasing an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in EHang during the fourth quarter valued at approximately $79,000. ABS Direct Equity Fund LLC purchased a new position in EHang in the 1st quarter worth approximately $292,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of EHang in the 4th quarter worth $369,000. 94.03% of the stock is currently owned by institutional investors.
About EHang
(
Get Free Report)
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.
Recommended Stories
Before you consider EHang, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EHang wasn't on the list.
While EHang currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
