EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Receives $23.48 Average Price Target from Analysts

Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $23.48.

EH has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research note on Wednesday, October 8th. Dbs Bank initiated coverage on shares of EHang in a research note on Thursday, October 2nd. They issued a “buy” rating for the company. JPMorgan Chase & Co. downgraded shares of EHang from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $21.00 to $13.00 in a research report on Tuesday, November 25th. Finally, Wall Street Zen raised shares of EHang from a “sell” rating to a “hold” rating in a report on Saturday.

Institutional Trading of EHang

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of EHang by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,022,710 shares of the company’s stock worth $37,562,000 after acquiring an additional 55,913 shares during the period. KADENSA CAPITAL Ltd raised its stake in 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 acquiring an additional 648,412 shares during the period. Tiger Pacific Capital LP bought a new stake in EHang in the 3rd quarter valued at $8,948,000. Norges Bank acquired a new stake in EHang during the 2nd quarter valued at $7,669,000. Finally, Carrhae Capital LLP bought a new position in EHang during the second quarter worth $4,717,000. Institutional investors own 94.03% of the company’s stock.

EHang Stock Down 1.2%

EH stock opened at $14.27 on Friday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -25.48 and a beta of 0.48. EHang has a twelve month low of $12.71 and a twelve month high of $29.76. The business has a 50 day moving average price of $14.66 and a two-hundred day moving average price of $16.55. The company has a quick ratio of 2.17, a current ratio of 2.33 and a debt-to-equity ratio of 0.08.

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.