Eve Holding, Inc. (NYSE:EVEX) Receives $6.47 Average PT from Brokerages

Eve Holding, Inc. (NYSE:EVEX) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $6.4680.

Several research analysts recently commented on EVEX shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVE in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Cantor Fitzgerald reissued an “overweight” rating on shares of EVE in a research report on Monday, November 24th. Canaccord Genuity Group boosted their target price on EVE from $6.75 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, The Goldman Sachs Group assumed coverage on EVE in a research note on Monday, December 1st. They issued a “neutral” rating and a $4.84 price target for the company.

EVE Trading Down 2.2%

Shares of NYSE EVEX opened at $4.59 on Monday. EVE has a 1-year low of $2.83 and a 1-year high of $7.70. The business has a fifty day moving average price of $4.36 and a 200 day moving average price of $4.99. The stock has a market capitalization of $1.60 billion, a P/E ratio of -7.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 5.21 and a quick ratio of 5.21.

EVE (NYSE:EVEX) last announced its earnings results on Tuesday, November 4th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. Equities research analysts expect that EVE will post -0.5 EPS for the current fiscal year.

Institutional Trading of EVE

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in EVE by 117.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,226,742 shares of the company’s stock valued at $19,914,000 after purchasing an additional 2,824,536 shares in the last quarter. Masters Capital Management LLC grew its holdings in shares of EVE by 52.5% during the third quarter. Masters Capital Management LLC now owns 3,050,000 shares of the company’s stock valued at $11,620,000 after buying an additional 1,050,000 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new position in EVE in the 3rd quarter worth $9,608,000. BW Gestao de Investimentos Ltda. acquired a new stake in EVE during the 3rd quarter worth about $9,382,000. Finally, Centiva Capital LP acquired a new stake in EVE during the 3rd quarter worth about $5,104,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.