Deutsche Bank Aktiengesellschaft upgraded shares of EHang (NASDAQ:EH - Free Report) from a hold rating to a buy rating in a research report report published on Monday morning, Marketbeat Ratings reports. The firm currently has $20.00 target price on the stock, down from their prior target price of $22.00.
A number of other analysts have also issued reports on the stock. Daiwa America upgraded shares of EHang to a "strong-buy" rating in a research note on Tuesday, April 1st. CICC Research started coverage on EHang in a research report on Thursday, January 2nd. They issued an "outperform" rating on the stock. Finally, Daiwa Capital Markets started coverage on EHang in a research note on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price for the company. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $24.88.
Get Our Latest Analysis on EH
EHang Trading Up 1.5 %
EH stock traded up $0.22 during trading on Monday, reaching $14.83. 1,074,282 shares of the stock traded hands, compared to its average volume of 1,661,611. The firm has a market capitalization of $941.79 million, a PE ratio of -27.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The business's 50 day moving average price is $21.26 and its 200-day moving average price is $17.87. EHang has a 52-week low of $10.40 and a 52-week high of $29.76.
Institutional Trading of EHang
Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of EHang in the fourth quarter worth $3,809,000. SBI Securities Co. Ltd. acquired a new position in EHang in the fourth quarter worth approximately $431,000. Headlands Technologies LLC raised its position in EHang by 2,080.4% during the fourth quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock valued at $913,000 after acquiring an additional 55,318 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its stake in EHang by 22.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock valued at $2,803,000 after acquiring an additional 33,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in EHang by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock worth $26,003,000 after purchasing an additional 56,652 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.
EHang Company Profile
(
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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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