Eve Holding, Inc. (NYSE:EVEX) Given Average Recommendation of “Moderate Buy” by Brokerages

Eve Holding, Inc. (NYSE:EVEX) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.9317.

Several equities analysts have weighed in on the stock. Jefferies Financial Group set a $5.00 target price on shares of EVE in a report on Wednesday, August 5th. Canaccord Genuity Group reduced their price target on shares of EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVE in a report on Tuesday, July 21st. D. Boral Capital assumed coverage on EVE in a report on Friday, August 21st. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, Wall Street Zen upgraded EVE from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th.

EVE Trading Down 2.5%

Shares of EVEX stock opened at $2.33 on Friday. The company’s 50-day moving average price is $2.52 and its 200-day moving average price is $2.77. 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 $811.98 million, a price-to-earnings ratio of -3.76 and a beta of 1.14. EVE has a twelve month low of $2.10 and a twelve month high of $5.16.

EVE (NYSE:EVEX) last announced its quarterly earnings data 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, equities analysts predict that EVE will post -0.69 earnings per share for the current year.

Hedge Funds Weigh In On EVE

Hedge funds have recently modified their holdings of the business. Corient Private Wealth LP acquired a new stake in shares of EVE during the 2nd quarter worth about $28,000. California State Teachers Retirement System lifted its position in EVE by 400.4% in the second quarter. California State Teachers Retirement System now owns 330,045 shares of the company’s stock valued at $828,000 after buying an additional 264,088 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in EVE in the second quarter valued at about $354,000. SPX Gestao de Recursos Ltda purchased a new position in EVE during the second quarter worth about $1,041,000. Finally, Bank of America Corp DE purchased a new position in EVE during the second quarter worth about $290,000. 1.27% of the stock is currently owned by hedge funds and other 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.