Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ: EH) have received a consensus rating of “Moderate Buy” from nine research firms that are currently analyzing the stock. According to a report from Marketbeat, the analysts’ assessments include one sell recommendation, seven buy ratings, and one strong buy rating. The average price target for EHang over the next year is set at $26.08.
Recent Analyst Reports
Several brokerages have recently updated their ratings on EHang, reflecting a range of perspectives on the company’s performance. Notably, Weiss Ratings reaffirmed a “sell (d-)” rating on EHang shares in a research note released on October 8, 2023. In contrast, JPMorgan Chase & Co. began coverage on EHang on August 21, 2023, assigning an “overweight” rating with a price target of $26.00.
Further complicating the outlook, Wall Street Zen downgraded EHang from a “hold” rating to a “sell” rating in a report published on October 3, 2023. Meanwhile, Dbs Bank has also initiated coverage on EHang, giving it a “buy” rating.
Institutional Investment Trends
Recent activity among institutional investors indicates a growing interest in EHang. For instance, Legal & General Group Plc increased its holdings in EHang by an impressive 171.7% during the second quarter. After acquiring an additional 2,136 shares, the firm now owns a total of 3,380 shares, valued at approximately $59,000.
In a more dramatic shift, Caitong International Asset Management Co. Ltd raised its stake in EHang by a staggering 3,147.8%, acquiring an additional 6,327 shares to reach a total of 6,528 shares worth around $113,000. Additionally, JPMorgan Chase & Co. increased its holdings by 10.1%, now owning 7,292 shares valued at about $127,000.
Other firms have also made notable investments in EHang, including Eschler Asset Management LLP, which acquired a new stake valued at approximately $292,000, and HSBC Holdings PLC, which also secured a new stake valued at around $300,000. Collectively, institutional investors own 94.03% of EHang’s stock.
EHang Holdings Limited operates as an autonomous aerial vehicle technology platform company, primarily in the People’s Republic of China, as well as in East Asia, West Asia, Europe, and other international markets. The company designs, develops, and manufactures autonomous aerial vehicles (AAVs) and their supporting systems for various applications, including passenger transport, logistics, smart city management, and aerial media.
As analysts and institutional investors continue to assess the potential of EHang, the stock’s trajectory remains a topic of interest in the financial markets.
