Eve Holding, Inc. (NYSE:EVEX) Receives Consensus Rating of “Hold” from Analysts

Shares of Eve Holding, Inc. (NYSE:EVEX) have been assigned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat 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 price objective among brokerages that have updated their coverage on the stock in the last year is $6.0225.

A number of research analysts have commented on the company. Cantor Fitzgerald reduced their price objective on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. Canaccord Genuity Group reduced their price objective on EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a research report on Friday, April 24th.

Institutional Trading of EVE

A number of hedge funds and other institutional investors have recently modified their holdings of the business. J. Derek Lewis & Associates Inc. increased its position in shares of EVE by 53.1% during the first quarter. J. Derek Lewis & Associates Inc. now owns 49,000 shares of the company’s stock worth $122,000 after acquiring an additional 17,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of EVE by 50.2% during the first quarter. The Manufacturers Life Insurance Company now owns 50,742 shares of the company’s stock worth $126,000 after acquiring an additional 16,969 shares during the last quarter. Themes Management Co LLC purchased a new stake in shares of EVE during the first quarter worth about $30,000. Renaissance Technologies LLC purchased a new stake in shares of EVE during the first quarter worth about $854,000. Finally, Canal Insurance CO increased its position in shares of EVE by 219.5% during the first quarter. Canal Insurance CO now owns 31,948 shares of the company’s stock worth $79,000 after acquiring an additional 21,948 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

EVE Trading Down 0.2%

Shares of EVEX opened at $2.71 on Monday. The stock’s 50-day moving average is $2.93 and its two-hundred day moving average is $3.45. The stock has a market cap of $942.15 million, a PE ratio of -3.71 and a beta of 1.09. EVE has a 12 month low of $2.34 and a 12 month high of $7.70. The company has a debt-to-equity ratio of 5.45, a current ratio of 3.80 and a quick ratio of 3.80.

EVE (NYSE:EVEX) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). Equities analysts forecast that EVE will post -0.73 earnings per share for the current fiscal year.

EVE Company Profile

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.