Eve Holding, Inc. (NYSE:EVEX) Receives $5.93 Consensus PT from Analysts

Eve Holding, Inc. (NYSE:EVEX) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.9317.

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVE in a report on Tuesday, July 21st. Jefferies Financial Group set a $5.00 price objective on EVE in a report on Wednesday, August 5th. D. Boral Capital assumed coverage on EVE in a research report on Friday, August 21st. They issued a “buy” rating and a $6.00 target price on the stock. Wall Street Zen cut EVE from a “sell” rating to a “strong sell” rating in a report on Saturday, September 5th. Finally, JPMorgan Chase & Co. boosted their price target on EVE from $6.00 to $6.50 and gave the company an “overweight” rating in a research report on Wednesday, August 12th.

Hedge Funds Weigh In On EVE

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of EVE during the 2nd quarter worth about $17,742,000. BW Gestao de Investimentos Ltda. raised its holdings in EVE by 49.7% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 3,686,140 shares of the company’s stock valued at $14,708,000 after buying an additional 1,223,719 shares during the period. UBS Group AG raised its holdings in EVE by 56.9% in the fourth quarter. UBS Group AG now owns 799,049 shares of the company’s stock valued at $3,188,000 after buying an additional 289,813 shares during the period. Kapitalo Investimentos Ltda purchased a new position in EVE in the second quarter valued at approximately $2,761,000. Finally, HITE Hedge Asset Management LLC acquired a new position in EVE during the fourth quarter valued at approximately $2,471,000. 1.27% of the stock is owned by institutional investors and hedge funds.

EVE Price Performance

EVEX opened at $2.04 on Wednesday. The company’s 50 day simple moving average is $2.40 and its 200 day simple moving average is $2.67. The company has a debt-to-equity ratio of 13.65, a quick ratio of 3.48 and a current ratio of 3.48. EVE has a 1 year low of $1.99 and a 1 year high of $5.16. The stock has a market capitalization of $709.18 million, a PE ratio of -3.28 and a beta of 1.14.

EVE (NYSE:EVEX) last released its earnings results on Tuesday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. As a group, sell-side analysts expect that EVE will post -0.69 EPS for the current year.

EVE Company Profile

Eve Air Mobility, Inc develops electric vertical takeoff and landing (eVTOL) aircraft and related solutions for the emerging urban air mobility market. The company is focused on enabling short-distance passenger and cargo transportation with electrically powered aircraft designed to operate from urban and regional vertiports.

In addition to its eVTOL aircraft, Eve is developing an ecosystem of services and technologies to support commercial operations. These include flight operations and fleet-management tools, maintenance and support services, and its Vector software platform, which is designed to help manage urban air mobility networks.