EHang (NASDAQ:EH) Upgraded to “Strong-Buy” at Daiwa America

EHang (NASDAQ:EH) was upgraded by Daiwa America to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on EH. Daiwa Capital Markets began coverage on EHang in a report on Wednesday. They set a “buy” rating and a $30.00 price target for the company. CICC Research started coverage on shares of EHang in a research report on Thursday, January 2nd. They set an “outperform” rating for the company. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $26.50.

EHang Stock Down 0.3 %

Shares of NASDAQ EH opened at $19.78 on Tuesday. EHang has a 1 year low of $10.40 and a 1 year high of $29.76. The company has a market capitalization of $1.26 billion, a P/E ratio of -36.63 and a beta of 0.91. The company has a 50 day simple moving average of $21.72 and a 200-day simple moving average of $17.68. 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

Large investors have recently bought and sold shares of the business. Mackenzie Financial Corp purchased a new position in shares of EHang in the 4th quarter valued at $378,000. Lighthouse Investment Partners LLC acquired a new position in shares of EHang in the fourth quarter valued at approximately $1,977,000. Cubist Systematic Strategies LLC raised its stake in shares of EHang by 151.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 110,855 shares of the company’s stock worth $1,745,000 after purchasing an additional 66,724 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of EHang during the fourth quarter worth $428,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of EHang during the fourth quarter worth $369,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.