Eve Holding, Inc. (NYSE:EVEX) Receives $6.02 Consensus Price Target from Analysts

Shares of Eve Holding, Inc. (NYSE:EVEX) have earned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $6.0225.

Several research firms have weighed in on EVEX. JPMorgan Chase & Co. decreased their price target on shares of EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Cantor Fitzgerald decreased their price target on shares of EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, March 18th. Canaccord Genuity Group lowered their price objective on shares of EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Friday, April 24th.

EVE Stock Performance

Shares of EVEX opened at $2.44 on Friday. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 5.45. The firm’s fifty day simple moving average is $2.89 and its two-hundred day simple moving average is $3.20. EVE has a 12 month low of $2.32 and a 12 month high of $7.48. The stock has a market capitalization of $851.59 million, a P/E ratio of -3.35 and a beta of 1.13.

EVE (NYSE:EVEX) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). As a group, analysts predict that EVE will post -0.73 EPS for the current year.

Institutional Investors Weigh In On EVE

Institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd acquired a new position in EVE during the 1st quarter valued at about $30,000. Themes Management Co LLC bought a new stake in EVE during the 1st quarter worth approximately $30,000. Deltec Asset Management LLC purchased a new stake in shares of EVE in the first quarter worth approximately $33,000. BNP Paribas Financial Markets raised its stake in shares of EVE by 144.8% in the second 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 during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of EVE by 52.3% in the first quarter. SG Americas Securities LLC now owns 17,001 shares of the company’s stock valued at $42,000 after purchasing an additional 5,840 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE

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.