EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives $26.08 Average PT from Brokerages

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $26.08.

Several analysts have issued reports on EH shares. Wall Street Zen raised EHang from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. began coverage on shares of EHang in a research report on Thursday, August 21st. They issued an “overweight” rating and a $26.00 price objective on the stock. Dbs Bank began coverage on shares of EHang in a research report on Thursday, October 2nd. They set a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a report on Wednesday, October 8th.

Hedge Funds Weigh In On EHang

Several hedge funds and other institutional investors have recently modified their holdings of EH. Carrhae Capital LLP acquired a new stake in shares of EHang in the second quarter valued at approximately $4,717,000. Cetera Investment Advisers purchased a new position in shares of EHang during the first quarter worth about $754,000. Trexquant Investment LP purchased a new stake in EHang during the 1st quarter valued at approximately $615,000. Cubist Systematic Strategies LLC lifted its position in EHang by 517.1% during the 1st 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 period. Finally, Eleva Capital SAS acquired a new position in shares of EHang in the second quarter valued at approximately $804,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

EHang Stock Down 3.3%

EH opened at $15.11 on Friday. The firm’s fifty day moving average is $17.54 and its 200 day moving average is $17.46. EHang has a fifty-two week low of $12.02 and a fifty-two week high of $29.76. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -30.22 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.32 and a current ratio of 2.50.

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.