Brokerages Set Eve Holding, Inc. (NYSE:EVEX) Target Price at $5.93

Shares of Eve Holding, Inc. (NYSE:EVEX) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $5.9317.

EVEX has been the topic of several recent research reports. D. Boral Capital assumed coverage on shares of EVE in a report on Friday, August 21st. They issued a “buy” rating and a $6.00 price target on the stock. Wall Street Zen raised shares of EVE from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Jefferies Financial Group set a $5.00 price objective on EVE in a research report on Wednesday, August 5th. Canaccord Genuity Group reduced their target price on EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of EVE in a report on Tuesday, July 21st.

EVE Price Performance

EVE stock opened at $2.40 on Friday. EVE has a 52 week low of $2.10 and a 52 week high of $5.16. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 13.65. The firm’s 50-day simple moving average is $2.54 and its 200 day simple moving average is $2.78. The firm has a market capitalization of $836.38 million, a PE ratio of -3.87 and a beta of 1.14.

EVE (NYSE:EVEX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. On average, equities research analysts predict that EVE will post -0.69 EPS for the current fiscal year.

Institutional Trading of EVE

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in EVE by 144.8% during 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. B. Riley Wealth Advisors Inc. purchased a new position in EVE in the 2nd quarter valued at about $69,000. Corient Private Wealth LP purchased a new position in EVE in the 2nd quarter valued at about $28,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of EVE during the 3rd quarter worth about $42,000. Finally, Themes Management Co LLC acquired a new stake in shares of EVE during the 1st quarter worth about $30,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

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.