EHang (NASDAQ:EH) Coverage Initiated by Analysts at Daiwa Capital Markets

Research analysts at Daiwa Capital Markets initiated coverage on shares of EHang (NASDAQ:EH) in a report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. Daiwa Capital Markets’ price objective would indicate a potential upside of 50.75% from the company’s current price.

Separately, CICC Research started coverage on EHang in a research report on Thursday, January 2nd. They issued an “outperform” rating on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $26.50.

EHang Stock Up 0.3 %

EHang stock opened at $19.90 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The stock has a market cap of $1.26 billion, a PE ratio of -36.77 and a beta of 0.91. EHang has a fifty-two week low of $10.40 and a fifty-two week high of $29.76. The firm’s 50-day simple moving average is $21.64 and its 200 day simple moving average is $17.66.

Institutional Investors Weigh In On EHang

Several large investors have recently added to or reduced their stakes in EH. Invesco Ltd. lifted its position in shares of EHang by 2.9% during the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company’s stock worth $627,000 after acquiring an additional 1,112 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of EHang by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company’s stock valued at $437,000 after purchasing an additional 1,313 shares during the period. Tower Research Capital LLC TRC boosted its stake in EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after purchasing an additional 1,472 shares during the period. Natixis purchased a new position in EHang during the 4th quarter valued at about $25,000. Finally, Quantbot Technologies LP increased its position in shares of EHang by 78.2% during the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after buying an additional 4,101 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.