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

Shares of Eve Holding, Inc. (NYSE:EVEX) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $6.4680.

Several analysts recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a $7.50 target price on shares of EVE in a research note on Wednesday, March 18th. JPMorgan Chase & Co. dropped their price target on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Finally, Cantor Fitzgerald cut their price target on EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th.

EVE Price Performance

NYSE EVEX opened at $2.49 on Wednesday. EVE has a 1 year low of $2.34 and a 1 year high of $7.70. The company has a fifty day simple moving average of $3.15 and a 200 day simple moving average of $3.92. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 1.49. The company has a market cap of $865.53 million, a P/E ratio of -3.60 and a beta of 0.88.

EVE (NYSE:EVEX) last announced its earnings results on Monday, March 16th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). On average, sell-side analysts predict that EVE will post -0.5 EPS for the current year.

Institutional Trading of EVE

A number of hedge funds have recently bought and sold shares of EVEX. Amundi raised its position in EVE by 10.7% in the third quarter. Amundi now owns 30,426 shares of the company’s stock worth $116,000 after purchasing an additional 2,941 shares in the last quarter. Arizona State Retirement System boosted its holdings in EVE by 17.6% during the third quarter. Arizona State Retirement System now owns 20,436 shares of the company’s stock valued at $78,000 after purchasing an additional 3,063 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in EVE by 144.8% during 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 in the last quarter. AXQ Capital LP grew its stake in shares of EVE by 32.6% in the 3rd quarter. AXQ Capital LP now owns 14,211 shares of the company’s stock valued at $54,000 after purchasing an additional 3,490 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of EVE by 13.1% in the 3rd quarter. Bank of America Corp DE now owns 43,324 shares of the company’s stock worth $165,000 after buying an additional 5,025 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

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.