Analysts Set Eve Holding, Inc. (NYSE:EVEX) PT at $6.47

Eve Holding, Inc. (NYSE:EVEX) has received a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $6.4680.

EVEX has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Cantor Fitzgerald lowered their price objective on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, March 18th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $7.50 target price on shares of EVE in a research note on Wednesday, March 18th.

Institutional Trading of EVE

Several hedge funds have recently added to or reduced their stakes in EVEX. Vanguard Group Inc. boosted 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 during the period. United Airlines Holdings Inc. bought a new stake in EVE during the 4th quarter valued at approximately $10,589,000. Cooper Creek Partners Management LLC bought a new stake in EVE during the 3rd quarter valued at approximately $9,608,000. BW Gestao de Investimentos Ltda. bought a new stake in EVE during the 3rd quarter valued at approximately $9,382,000. Finally, SPX Gestao de Recursos Ltda boosted its stake in EVE by 383.1% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 2,845,692 shares of the company’s stock valued at $11,354,000 after purchasing an additional 2,256,701 shares during the period. Institutional investors own 1.27% of the company’s stock.

EVE Stock Performance

Shares of NYSE EVEX opened at $2.94 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.29 and a current ratio of 3.29. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -4.25 and a beta of 0.97. The business’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $3.79. EVE has a 52 week low of $2.34 and a 52 week high of $7.70.

EVE (NYSE:EVEX) last issued its quarterly earnings data on Monday, March 16th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). As a group, equities research analysts expect that EVE will post -0.66 earnings per share for the current fiscal year.

About EVE

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.