Eve Holding, Inc. (NYSE:EVEX) Receives Average Rating of “Hold” from Analysts

Eve Holding, Inc. (NYSE:EVEX) has earned an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.0225.

A number of brokerages recently issued reports on EVEX. Canaccord Genuity Group reduced their price target on EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Cantor Fitzgerald reduced their price target on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a research report on Friday, April 24th.

EVE Trading Down 0.2%

Shares of NYSE:EVEX opened at $2.71 on Monday. The company has a market capitalization of $942.15 million, a P/E ratio of -3.71 and a beta of 1.09. EVE has a 1 year low of $2.34 and a 1 year high of $7.70. The company has a debt-to-equity ratio of 5.45, a current ratio of 3.80 and a quick ratio of 3.80. The business’s 50 day simple moving average is $2.93 and its 200 day simple moving average is $3.45.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). On average, research analysts anticipate that EVE will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On EVE

Large investors have recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of EVE in the 1st quarter valued at $30,000. Themes Management Co LLC acquired a new stake in shares of EVE in the 1st quarter valued at $30,000. Deltec Asset Management LLC acquired a new stake in shares of EVE in the 1st quarter valued at $33,000. BNP Paribas Financial Markets boosted its holdings in shares of EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after purchasing an additional 3,121 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of EVE by 52.3% in the 1st quarter. SG Americas Securities LLC now owns 17,001 shares of the company’s stock valued at $42,000 after purchasing an additional 5,840 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Company Profile

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.