Eve Holding, Inc. (NYSE:EVEX) Receives $6.58 Average Target Price from Analysts

Shares of Eve Holding, Inc. (NYSE:EVEX) have been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $6.5833.

A number of research firms recently weighed in on EVEX. HC Wainwright upped their target price on shares of EVE from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of EVE in a report on Monday, June 23rd. Canaccord Genuity Group lowered their target price on shares of EVE from $7.00 to $6.75 and set a “buy” rating on the stock in a report on Wednesday, August 20th. BTIG Research restated a “neutral” rating on shares of EVE in a report on Tuesday, August 12th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Saturday, September 27th.

EVE Price Performance

Shares of NYSE EVEX opened at $4.56 on Wednesday. The firm’s 50-day moving average price is $4.59 and its 200-day moving average price is $4.79. EVE has a 1-year low of $2.61 and a 1-year high of $7.70. The firm has a market capitalization of $1.37 billion, a P/E ratio of -7.23 and a beta of 0.81. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 11.46.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.06). Equities research analysts anticipate that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EVE

A number of institutional investors and hedge funds have recently made changes to their positions in EVEX. BNP Paribas Financial Markets acquired a new stake in shares of EVE in the 4th quarter worth about $34,000. KLP Kapitalforvaltning AS purchased a new stake in EVE in the 1st quarter valued at about $39,000. Arizona State Retirement System purchased a new stake in EVE in the 1st quarter valued at about $57,000. B. Riley Wealth Advisors Inc. purchased a new stake in EVE in the 2nd quarter valued at about $69,000. Finally, Strs Ohio purchased a new stake in EVE in the 1st quarter valued at about $75,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.