EVE’s (EVEX) “Neutral” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of EVE (NYSE:EVEX) in a report released on Monday morning, Benzinga reports. They currently have a $7.00 price objective on the stock.

Separately, Canaccord Genuity Group cut their target price on shares of EVE from $9.00 to $8.50 and set a buy rating for the company in a research note on Tuesday, July 2nd.

EVE Price Performance

EVE stock opened at $3.34 on Monday. EVE has a 52 week low of $3.15 and a 52 week high of $9.64. 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 firm’s 50-day simple moving average is $4.28 and its 200 day simple moving average is $5.25. The firm has a market capitalization of $899.70 million, a PE ratio of -7.27 and a beta of 0.37.

EVE (NYSE:EVEX) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter. On average, equities research analysts predict that EVE will post -0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EVE stock. Strs Ohio boosted its position in Eve Holding, Inc. (NYSE:EVEX) by 3,883.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,800 shares of the company’s stock after purchasing an additional 46,600 shares during the quarter. Strs Ohio’s holdings in EVE were worth $349,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.27% of the company’s stock.

EVE Company Profile

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.