Cantor Fitzgerald Reaffirms “Overweight” Rating for EVE (NYSE:EVEX)

Cantor Fitzgerald restated their overweight rating on shares of EVE (NYSE:EVEX) in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a $5.00 price objective on the stock.

EVEX has been the topic of a number of other reports. HC Wainwright initiated coverage on shares of EVE in a research note on Tuesday, September 3rd. They issued a buy rating and a $6.00 target price on the stock. Canaccord Genuity Group lowered their price objective on shares of EVE from $9.00 to $8.50 and set a buy rating on the stock in a research report on Tuesday, July 2nd.

EVE Stock Up 2.2 %

EVEX opened at $2.85 on Monday. The firm has a market capitalization of $767.69 million, a P/E ratio of -6.33 and a beta of 0.35. EVE has a one year low of $2.33 and a one year high of $9.18. The company has a fifty day moving average price of $3.01 and a 200-day moving average price of $4.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.87 and a quick ratio of 3.87.

EVE (NYSE:EVEX) last posted its earnings results on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). Equities research analysts expect that EVE will post -0.49 earnings per share for the current fiscal year.

Institutional Trading of EVE

An institutional investor recently raised its position in EVE stock. Vanguard Group Inc. increased its holdings in Eve Holding, Inc. (NYSE:EVEX) by 7.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 517,707 shares of the company’s stock after purchasing an additional 34,484 shares during the period. Vanguard Group Inc. owned approximately 0.19% of EVE worth $2,796,000 as of its most recent SEC filing. Institutional investors own 1.27% of the company’s stock.

EVE Company Profile

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.