EHang Holdings Limited (NASDAQ:EH) Receives Average Rating of “Buy” from Brokerages

Shares of EHang Holdings Limited (NASDAQ:EH) have been assigned a consensus rating of “Buy” from the five research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $26.50.

Several analysts have issued reports on the company. Daiwa Capital Markets initiated coverage on EHang in a research report on Wednesday. They set a “buy” rating and a $30.00 target price on the stock. CICC Research started coverage on shares of EHang in a research report on Thursday, January 2nd. They set an “outperform” rating for the company. Finally, Daiwa America upgraded EHang to a “strong-buy” rating in a research note on Tuesday.

Hedge Funds Weigh In On EHang

A number of institutional investors have recently modified their holdings of EH. Invesco Ltd. grew its holdings in 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 during the period. Geode Capital Management LLC boosted its position in EHang by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company’s stock worth $437,000 after purchasing an additional 1,313 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of EHang by 247.0% during 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 acquired a new stake in shares of EHang during the 4th quarter worth approximately $25,000. Finally, Quantbot Technologies LP increased its holdings in shares of EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after purchasing an additional 4,101 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Price Performance

EH opened at $19.78 on Thursday. EHang has a 12-month low of $10.40 and a 12-month high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -36.63 and a beta of 0.91. The business’s fifty day simple moving average is $21.72 and its 200-day simple moving average is $17.68.

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.