EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives Average Recommendation of “Moderate Buy” from Brokerages

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $23.48.

A number of equities analysts recently issued reports on EH shares. Dbs Bank began coverage on shares of EHang in a research report on Thursday, October 2nd. They issued a “buy” rating for the company. JPMorgan Chase & Co. lowered shares of EHang from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $21.00 to $13.00 in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut EHang from a “hold” rating to a “sell” rating in a report on Friday, November 28th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EH. KADENSA CAPITAL Ltd grew its holdings in EHang by 585.4% during the first quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company’s stock worth $15,859,000 after acquiring an additional 648,412 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of EHang by 517.1% during 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. Tiger Pacific Capital LP acquired a new position in shares of EHang in the 3rd quarter worth approximately $8,948,000. Norges Bank bought a new stake in shares of EHang in the 2nd quarter worth approximately $7,669,000. Finally, Canada Pension Plan Investment Board acquired a new stake in EHang during the first quarter valued at approximately $8,162,000. Institutional investors own 94.03% of the company’s stock.

EHang Trading Up 0.9%

NASDAQ:EH opened at $14.10 on Tuesday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -25.18 and a beta of 0.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.17 and a current ratio of 2.33. EHang has a 1 year low of $12.71 and a 1 year high of $29.76. The business has a fifty day moving average of $16.15 and a 200-day moving average of $16.89.

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.