Deutsche Bank Aktiengesellschaft Upgrades EHang (NASDAQ:EH) to Buy

EHang (NASDAQ:EH) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Monday, Marketbeat reports. The firm currently has a $20.00 price objective on the stock, down from their previous price objective of $22.00. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 31.32% from the stock’s current price.

EH has been the subject of a number of other research reports. CICC Research began coverage on shares of EHang in a report on Thursday, January 2nd. They issued an “outperform” rating for the company. Daiwa Capital Markets initiated coverage on EHang in a research note on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 price target for the company. Finally, Daiwa America upgraded EHang to a “strong-buy” rating in a research report on Tuesday, April 1st. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $24.88.

EHang Price Performance

NASDAQ:EH opened at $15.23 on Monday. 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 has a 50 day moving average price of $21.49 and a 200-day moving average price of $17.89. EHang has a 1-year low of $10.40 and a 1-year high of $29.76. The firm has a market cap of $967.20 million, a price-to-earnings ratio of -28.20 and a beta of 0.99.

Hedge Funds Weigh In On EHang

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of EHang by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company’s stock worth $26,003,000 after acquiring an additional 56,652 shares during the last quarter. State Street Corp boosted its stake in EHang by 1.2% during 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 last quarter. Norges Bank purchased a new stake in shares of EHang during the fourth quarter worth $3,809,000. Baader Bank Aktiengesellschaft grew its holdings in shares of EHang by 22.8% during the fourth 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 in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of EHang in the fourth quarter valued at about $1,977,000. Institutional investors and hedge funds 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.