Eve Holding, Inc. (NYSE:EVEX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Eve Holding, Inc. (NYSE:EVEX) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $6.4680.

EVEX has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Cantor Fitzgerald restated an “overweight” rating on shares of EVE in a report on Monday, November 24th. The Goldman Sachs Group initiated coverage on shares of EVE in a research report on Monday, December 1st. They set a “neutral” rating and a $4.84 price objective for the company. Finally, Canaccord Genuity Group boosted their target price on shares of EVE from $6.75 to $7.50 and gave the company a “buy” rating in a research report on Thursday, October 16th.

Hedge Funds 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 increased its position in EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after buying an additional 3,121 shares in the last quarter. Canal Insurance CO acquired a new stake in EVE in the third quarter valued at approximately $38,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of EVE during the second quarter valued at approximately $69,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of EVE during the third quarter worth approximately $42,000. Finally, Avidian Wealth Enterprises LLC bought a new position in shares of EVE in the 3rd quarter worth $49,000. Institutional investors own 1.27% of the company’s stock.

EVE Trading Down 1.8%

EVEX opened at $4.63 on Monday. EVE has a twelve month low of $2.83 and a twelve month high of $7.70. The company has a fifty day moving average of $4.38 and a 200-day moving average of $5.00. The stock has a market cap of $1.61 billion, a PE ratio of -7.12 and a beta of 0.83. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.91.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. On average, sell-side analysts predict that EVE will post -0.5 EPS for the current year.

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.