Brokerages Set EHang Holdings Limited (NASDAQ:EH) Price Target at $26.50

EHang Holdings Limited (NASDAQ:EHGet Free Report) has earned a consensus recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $26.50.

Several equities research analysts have weighed in on the company. CICC Research initiated coverage on EHang in a research report on Thursday, January 2nd. They set an “outperform” rating on the stock. Daiwa America upgraded EHang to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, Daiwa Capital Markets began coverage on EHang in a research report on Wednesday, April 2nd. They set a “buy” rating and a $30.00 price target for the company.

Get Our Latest Report on EHang

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EH. Vanguard Group Inc. grew its position in shares of EHang by 3.6% during the 4th 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 period. State Street Corp grew its holdings 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 purchasing an additional 15,781 shares during the period. Norges Bank acquired a new stake in EHang in the fourth quarter valued at approximately $3,809,000. Baader Bank Aktiengesellschaft increased its position in shares of 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 buying an additional 33,000 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of EHang during the 4th quarter worth approximately $1,977,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Stock Down 0.8 %

NASDAQ:EH opened at $16.59 on Thursday. 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 company’s fifty day moving average price is $21.79 and its 200-day moving average price is $17.83. EHang has a 1-year low of $10.40 and a 1-year high of $29.76. The firm has a market capitalization of $1.05 billion, a P/E ratio of -30.72 and a beta of 0.99.

EHang Company Profile

(Get Free Report

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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Analyst Recommendations for EHang (NASDAQ:EH)

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