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

Shares of Eve Holding, Inc. (NYSE:EVEX) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $6.4180.

EVEX has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a research note on Friday, April 24th. Canaccord Genuity Group decreased their price target 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. JPMorgan Chase & Co. decreased their price target on shares of EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Finally, Cantor Fitzgerald decreased their price target on shares of EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th.

Institutional Trading of EVE

A number of institutional investors have recently added to or reduced their stakes in EVEX. Amundi lifted its holdings in EVE by 10.7% in the 3rd quarter. Amundi now owns 30,426 shares of the company’s stock worth $116,000 after buying an additional 2,941 shares in the last quarter. Arizona State Retirement System lifted its holdings in EVE by 17.6% in the 3rd quarter. Arizona State Retirement System now owns 20,436 shares of the company’s stock worth $78,000 after buying an additional 3,063 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after buying an additional 3,121 shares in the last quarter. AXQ Capital LP lifted its holdings in EVE by 32.6% in the 3rd quarter. AXQ Capital LP now owns 14,211 shares of the company’s stock worth $54,000 after buying an additional 3,490 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in EVE by 13.1% in the 3rd quarter. Bank of America Corp DE now owns 43,324 shares of the company’s stock worth $165,000 after buying an additional 5,025 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

EVE Trading Down 0.2%

Shares of EVEX stock opened at $2.86 on Monday. The firm has a 50-day moving average price of $2.91 and a 200 day moving average price of $3.49. EVE has a twelve month low of $2.34 and a twelve month high of $7.70. The company has a market capitalization of $994.40 million, a price-to-earnings ratio of -3.91 and a beta of 1.09. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 5.45.

EVE (NYSE:EVEX) last released its earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Research analysts forecast that EVE will post -0.73 earnings per share for the current fiscal year.

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.