EVE (NYSE:EVEX) PT Lowered to $8.50 at Canaccord Genuity Group

EVE (NYSE:EVEX) had its price target reduced by Canaccord Genuity Group from $9.00 to $8.50 in a research note published on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Cantor Fitzgerald reaffirmed a neutral rating and issued a $7.00 price target on shares of EVE in a report on Monday.

EVE Price Performance

NYSE EVEX opened at $3.19 on Tuesday. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.28. The company has a market cap of $859.29 million, a PE ratio of -7.09 and a beta of 0.37. EVE has a 52 week low of $3.15 and a 52 week high of $10.74. The firm’s 50-day simple moving average is $4.81 and its two-hundred day simple moving average is $5.63.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter. Research analysts predict that EVE will post -0.53 earnings per share for the current year.

Institutional Investors Weigh In On EVE

A hedge fund recently raised its stake in EVE stock. Strs Ohio increased its position in shares of Eve Holding, Inc. (NYSE:EVEX) by 3,883.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,800 shares of the company’s stock after acquiring an additional 46,600 shares during the period. Strs Ohio’s holdings in EVE were worth $349,000 as of its most recent filing with the Securities and Exchange Commission. 1.27% of the stock is currently owned by institutional investors and hedge funds.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.