Eve Holding, Inc. (NYSE:EVEX) Given Average Recommendation of “Hold” by Analysts

Shares of Eve Holding, Inc. (NYSE:EVEX) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.4680.

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

Institutional Trading of EVE

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of EVE by 117.6% during the third quarter. Vanguard Group Inc. now owns 5,226,742 shares of the company’s stock worth $19,914,000 after purchasing an additional 2,824,536 shares during the period. Masters Capital Management LLC grew its position in shares of EVE by 52.5% during the 3rd quarter. Masters Capital Management LLC now owns 3,050,000 shares of the company’s stock valued at $11,620,000 after buying an additional 1,050,000 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in EVE during the third quarter worth about $9,608,000. BW Gestao de Investimentos Ltda. acquired a new stake in EVE during the third quarter worth about $9,382,000. Finally, Centiva Capital LP bought a new position in EVE in the third quarter worth about $5,104,000. Institutional investors own 1.27% of the company’s stock.

EVE Stock Performance

Shares of EVEX stock opened at $4.45 on Friday. The company’s fifty day simple moving average is $4.32 and its 200-day simple moving average is $4.88. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.91. EVE has a 52 week low of $2.83 and a 52 week high of $7.70. The company has a market cap of $1.55 billion, a PE ratio of -6.84 and a beta of 0.83.

EVE (NYSE:EVEX) last issued its earnings results on Tuesday, November 4th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. As a group, equities research analysts anticipate that EVE will post -0.5 EPS for the current year.

About EVE

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.