EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Given Consensus Rating of “Hold” by Brokerages

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.05.

A number of equities research analysts have recently weighed in on EH shares. Weiss Ratings downgraded EHang from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Wall Street Zen raised EHang from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. UBS Group downgraded EHang from a “buy” rating to a “neutral” rating and set a $11.10 price target for the company. in a research note on Thursday. Finally, Bank of America reissued a “buy” rating on shares of EHang in a research note on Thursday, March 12th.

EHang Trading Down 4.3%

Shares of NASDAQ EH opened at $9.78 on Thursday. EHang has a one year low of $9.04 and a one year high of $20.45. The firm has a market capitalization of $734.67 million, a PE ratio of -22.23 and a beta of 1.13. The company has a current ratio of 2.07, a quick ratio of 1.93 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $10.19 and a two-hundred day moving average price of $12.05.

Institutional Investors Weigh In On EHang

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in EHang by 11.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,781 shares of the company’s stock worth $2,628,000 after purchasing an additional 13,376 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of EHang by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock valued at $127,000 after purchasing an additional 671 shares in the last quarter. Legal & General Group Plc increased its holdings in EHang by 171.7% in the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock worth $59,000 after purchasing an additional 2,136 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of EHang in the second quarter valued at about $300,000. Finally, Raymond James Financial Inc. acquired a new stake in EHang during the second quarter worth approximately $369,000. Institutional investors own 94.03% of the company’s stock.

About EHang

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.