EVE (NYSE:EVEX) Research Coverage Started at D. Boral Capital

D. Boral Capital initiated coverage on shares of EVE (NYSE:EVEX) in a research report report published on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $6.00 target price on the stock.

Several other analysts have also recently commented on EVEX. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price target on EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Jefferies Financial Group set a $5.00 price target on EVE in a research report on Wednesday, August 5th. Wall Street Zen raised EVE from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Canaccord Genuity Group lowered their price target on EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, EVE currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.93.

EVE Price Performance

NYSE EVEX opened at $2.64 on Friday. EVE has a 52 week low of $2.10 and a 52 week high of $5.16. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 13.65. The stock has a market cap of $920.01 million, a price-to-earnings ratio of -4.26 and a beta of 1.14. The company has a 50-day moving average price of $2.57 and a two-hundred day moving average price of $2.80.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.08. Analysts forecast that EVE will post -0.69 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC bought a new stake in EVE during the second quarter worth approximately $354,000. SPX Gestao de Recursos Ltda bought a new position in EVE during the 2nd quarter valued at $1,041,000. Corient Private Wealth LP bought a new position in EVE during the 2nd quarter valued at $28,000. Bank of America Corp DE acquired a new position in shares of EVE during the 2nd quarter valued at $290,000. Finally, Jupiter Topco LLC acquired a new position in shares of EVE during the 2nd quarter valued at $150,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.