Eve Holding, Inc. (NYSE:EVEX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Eve Holding, Inc. (NYSE:EVEX) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.9317.

EVEX has been the topic of several research analyst reports. Wall Street Zen cut shares of EVE from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. Jefferies Financial Group set a $5.00 price target on shares of EVE in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of EVE from $6.00 to $6.50 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, D. Boral Capital initiated coverage on shares of EVE in a research note on Friday, August 21st. They set a “buy” rating and a $6.00 price objective on the stock.

EVE Stock Performance

Shares of EVEX stock opened at $2.15 on Wednesday. The firm has a market capitalization of $751.00 million, a price-to-earnings ratio of -3.48 and a beta of 1.14. The stock has a fifty day moving average of $2.39 and a 200 day moving average of $2.65. EVE has a 52 week low of $1.99 and a 52 week high of $5.16. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 13.65.

EVE (NYSE:EVEX) last issued 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, research analysts expect that EVE will post -0.69 earnings per share for the current year.

Institutional Trading of EVE

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new position in EVE during the 2nd quarter valued at approximately $25,000. Arizona State Retirement System grew its stake in shares of EVE by 37.7% in the second quarter. Arizona State Retirement System now owns 26,430 shares of the company’s stock worth $66,000 after acquiring an additional 7,235 shares during the last quarter. Corient Private Wealth LP bought a new position in shares of EVE during the second quarter valued at $28,000. Susquehanna Fundamental Investments LLC bought a new position in shares of EVE during the second quarter valued at $354,000. Finally, SPX Gestao de Recursos Ltda purchased a new position in shares of EVE in the 2nd quarter worth about $1,041,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

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.