EHang Holdings Limited (NASDAQ:EH) Receives $26.50 Average Target Price from Analysts

EHang Holdings Limited (NASDAQ:EH) has been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $26.50.

EH has been the topic of a number of recent analyst reports. Daiwa Capital Markets initiated coverage on EHang in a research report on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 target price on the stock. CICC Research assumed coverage on EHang in a report on Thursday, January 2nd. They issued an “outperform” rating for the company. Finally, Daiwa America upgraded EHang to a “strong-buy” rating in a report on Tuesday, April 1st.

Hedge Funds Weigh In On EHang

Hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC acquired a new stake in shares of EHang during the third quarter worth $508,000. SBI Securities Co. Ltd. acquired a new stake in shares of EHang during the fourth quarter worth $431,000. Baader Bank Aktiengesellschaft grew its stake in shares of EHang by 22.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock worth $2,803,000 after purchasing an additional 33,000 shares during the period. Headlands Technologies LLC grew its stake in EHang by 2,080.4% in 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 during the period. Finally, State Street Corp grew its stake in EHang by 1.2% in the third quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after acquiring an additional 15,781 shares during the period. Institutional investors own 94.03% of the company’s stock.

EHang Stock Performance

EHang stock opened at $15.61 on Thursday. The stock’s 50 day moving average price is $21.67 and its 200 day moving average price is $17.85. The firm has a market capitalization of $991.33 million, a PE ratio of -28.91 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. EHang has a one year low of $10.40 and a one year high of $29.76.

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.