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

Shares of Eve Holding, Inc. (NYSE:EVEX) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.0225.

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

EVE Price Performance

NYSE EVEX opened at $2.58 on Friday. The company has a 50-day moving average price of $2.91 and a two-hundred day moving average price of $3.27. EVE has a 52 week low of $2.32 and a 52 week high of $7.70. The stock has a market cap of $900.36 million, a price-to-earnings ratio of -3.54 and a beta of 1.13. 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 issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Analysts forecast that EVE will post -0.73 EPS for the current year.

Institutional Trading of EVE

Several institutional investors have recently modified their holdings of EVEX. R Squared Ltd acquired a new position in EVE during the first quarter worth about $30,000. Themes Management Co LLC bought a new position in shares of EVE during the 1st quarter valued at about $30,000. Deltec Asset Management LLC acquired a new position in shares of EVE in the 1st quarter worth approximately $33,000. BNP Paribas Financial Markets raised 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 worth $36,000 after purchasing an additional 3,121 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in EVE by 52.3% during the first 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 during 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.