EVE (NYSE:EVEX) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of EVE (NYSE:EVEX) in a research note published on Monday, Benzinga reports. Cantor Fitzgerald currently has a $5.00 price target on the stock.

Separately, Canaccord Genuity Group reduced their price objective on EVE from $9.00 to $8.50 and set a buy rating for the company in a research report on Tuesday, July 2nd.

EVE Price Performance

EVEX opened at $2.50 on Monday. The company’s 50-day simple moving average is $3.33 and its two-hundred day simple moving average is $4.69. EVE has a 52-week low of $2.33 and a 52-week high of $9.18. The stock has a market capitalization of $723.90 million, a P/E ratio of -5.54 and a beta of 0.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.87 and a current ratio of 3.87.

EVE (NYSE:EVEX) last issued its earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). As a group, analysts predict that EVE will post -0.51 EPS for the current year.

Institutional Investors Weigh In On EVE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVEX. Vanguard Group Inc. boosted its holdings in EVE by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock worth $2,796,000 after buying an additional 34,484 shares during the period. Strs Ohio lifted its position in shares of EVE by 3,883.3% in the fourth quarter. Strs Ohio now owns 47,800 shares of the company’s stock valued at $349,000 after acquiring an additional 46,600 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in shares of EVE in the second quarter worth about $190,000. 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.