EHang Holdings Limited (NASDAQ:EH) Given Average Rating of "Buy" by Analysts

Shares of EHang Holdings Limited (NASDAQ:EH - Get Free Report) have earned an average recommendation of "Buy" from the seven analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $24.88.

Several research analysts recently issued reports on the company. Daiwa Capital Markets began coverage on EHang in a research report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 price objective for the company. Daiwa America upgraded shares of EHang to a "strong-buy" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft raised shares of EHang from a "hold" rating to a "buy" rating and lowered their target price for the stock from $22.00 to $20.00 in a research note on Monday, April 14th. Finally, CICC Research assumed coverage on EHang in a research note on Thursday, January 2nd. They set an "outperform" rating on the stock.

EHang Stock Up 1.2 %

EH opened at $16.94 on Monday. EHang has a one year low of $10.40 and a one year high of $29.76. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -31.37 and a beta of 0.99. The business's fifty day moving average is $20.18 and its two-hundred day moving average is $17.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Natixis acquired a new stake in EHang in the 4th quarter valued at approximately $25,000. Tower Research Capital LLC TRC grew its position in EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock valued at $33,000 after buying an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of EHang during the 4th quarter worth about $79,000. ABS Direct Equity Fund LLC acquired a new stake in shares of EHang in the 1st quarter worth approximately $292,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of EHang in the fourth quarter valued at approximately $369,000. 94.03% of the stock is currently owned by institutional investors.

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.

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