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

Eve Holding, Inc. (NYSE:EVEX) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.0225.

A number of research analysts recently commented on EVEX shares. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. Canaccord Genuity Group cut their price objective on shares of EVE from $7.50 to $7.25 and set a “buy” rating for the company in a research report on Wednesday, May 6th.

EVE Trading Up 3.2%

Shares of NYSE:EVEX opened at $2.40 on Tuesday. The business’s 50 day simple moving average is $2.66 and its 200 day simple moving average is $2.96. EVE has a 1 year low of $2.10 and a 1 year high of $6.89. 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 company has a market capitalization of $834.18 million, a P/E ratio of -3.28 and a beta of 1.14.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EVEX. 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. B. Riley Wealth Advisors Inc. bought a new stake in shares of EVE during the 2nd quarter worth $69,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of EVE during the 3rd quarter worth $42,000. SG Americas Securities LLC acquired a new stake in EVE in the fourth quarter valued at about $45,000. Finally, Themes Management Co LLC acquired a new stake in EVE in the first quarter valued at about $30,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

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.