Eve Holding, Inc. (NYSE:EVEX) Receives $6.47 Average Target Price from Analysts

Eve Holding, Inc. (NYSE:EVEX) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com 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 brokers that have issued ratings on the stock in the last year is $6.4680.

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on EVE in a report on Monday, December 1st. They set a “neutral” rating and a $4.84 price target on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of EVE in a research report on Monday, November 24th. Canaccord Genuity Group lifted their target price on EVE from $6.75 to $7.50 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, JPMorgan Chase & Co. dropped their target price on EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th.

EVE Stock Down 13.3%

EVEX stock opened at $3.17 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 5.21 and a quick ratio of 5.21. The firm has a market capitalization of $1.10 billion, a P/E ratio of -4.87 and a beta of 0.83. EVE has a 52-week low of $2.83 and a 52-week high of $7.70. The company’s 50 day simple moving average is $4.40 and its 200-day simple moving average is $4.52.

EVE (NYSE:EVEX) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. As a group, equities research analysts anticipate that EVE will post -0.5 EPS for the current year.

Institutional Investors Weigh In On EVE

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of EVE by 117.6% in the third quarter. Vanguard Group Inc. now owns 5,226,742 shares of the company’s stock worth $19,914,000 after acquiring an additional 2,824,536 shares during the last quarter. Masters Capital Management LLC grew its stake in EVE by 52.5% in the third quarter. Masters Capital Management LLC now owns 3,050,000 shares of the company’s stock valued at $11,620,000 after purchasing an additional 1,050,000 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new position in EVE in the third quarter valued at about $9,608,000. BW Gestao de Investimentos Ltda. acquired a new position in EVE in the 3rd quarter worth about $9,382,000. Finally, Centiva Capital LP purchased a new stake in shares of EVE during the 3rd quarter worth about $5,104,000. 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.