EHang (NASDAQ:EH) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of EHang (NASDAQ:EH) from a hold rating to a buy rating in a report issued on Monday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $20.00 price target on the stock, down from their prior price target of $22.00.

EH has been the subject of a number of other research reports. Daiwa America raised EHang to a “strong-buy” rating in a research report on Tuesday, April 1st. Daiwa Capital Markets assumed coverage on EHang in a report on Wednesday, April 2nd. They set a “buy” rating and a $30.00 price target for the company. Finally, CICC Research began coverage on shares of EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating on the stock. Six investment 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 has a consensus rating of “Buy” and an average price target of $24.88.

EHang Trading Up 8.6 %

NASDAQ:EH opened at $15.68 on Monday. EHang has a one year low of $10.40 and a one year high of $29.76. The company’s 50-day simple moving average is $21.55 and its 200 day simple moving average is $17.91. The firm has a market capitalization of $995.77 million, a P/E ratio of -29.04 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.

Hedge Funds Weigh In On EHang

A number of hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock worth $18,370,000 after purchasing an additional 15,781 shares during the period. Baader Bank Aktiengesellschaft boosted its stake in shares of EHang by 22.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock worth $2,803,000 after buying an additional 33,000 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of EHang in the fourth quarter worth $431,000. Vanguard Group Inc. increased its position in EHang by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company’s stock valued at $26,003,000 after acquiring an additional 56,652 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in EHang in the fourth quarter worth about $79,000. 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.