EVE (NYSE:EVEX) Price Target Lowered to $6.75 at Canaccord Genuity Group

EVE (NYSE:EVEX) had its target price decreased by Canaccord Genuity Group from $7.00 to $6.75 in a research report released on Wednesday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on EVEX. HC Wainwright lifted their target price on shares of EVE from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. BTIG Research restated a “neutral” rating on shares of EVE in a research report on Tuesday, August 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 target price on shares of EVE in a research note on Monday, June 23rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, EVE has a consensus rating of “Moderate Buy” and an average price target of $6.58.

EVE Stock Performance

Shares of EVEX stock opened at $4.0950 on Wednesday. The company has a debt-to-equity ratio of 11.46, a quick ratio of 2.77 and a current ratio of 2.77. The stock has a market cap of $1.23 billion, a PE ratio of -6.50 and a beta of 0.85. EVE has a 1 year low of $2.40 and a 1 year high of $7.70. The stock has a fifty day moving average price of $6.23 and a 200 day moving average price of $4.82.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). Sell-side analysts forecast that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of EVE

Hedge funds have recently bought and sold shares of the company. Legal & General Group Plc lifted its stake in shares of EVE by 118.0% during the 4th quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock worth $30,000 after purchasing an additional 3,001 shares during the period. BNP Paribas Financial Markets increased its stake in EVE by 144.8% in the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after purchasing an additional 3,121 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in EVE by 257.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock worth $29,000 after buying an additional 3,850 shares during the period. Bank of America Corp DE boosted its stake in EVE by 18.2% in the 2nd quarter. Bank of America Corp DE now owns 38,299 shares of the company’s stock worth $263,000 after buying an additional 5,908 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in EVE by 64.8% in the 4th quarter. Jane Street Group LLC now owns 17,322 shares of the company’s stock worth $94,000 after buying an additional 6,810 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.