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

Eve Holding, Inc. (NYSE:EVEX) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $6.4680.

Several equities analysts recently commented on EVEX shares. Cantor Fitzgerald reiterated an “overweight” rating on shares of EVE in a research report on Monday, November 24th. Canaccord Genuity Group lifted their target price on shares of EVE from $6.75 to $7.50 and gave the company a “buy” rating in a research note on Thursday, October 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a 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 for the company in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group initiated coverage on EVE in a research report on Monday, December 1st. They issued a “neutral” rating and a $4.84 price objective for the company.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in shares of EVE by 144.8% in the second 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 during the period. Canal Insurance CO acquired a new position in EVE in the 3rd quarter worth $38,000. Schonfeld Strategic Advisors LLC bought a new position in EVE during the 3rd quarter worth about $42,000. SG Americas Securities LLC acquired a new stake in shares of EVE in the 4th quarter valued at about $45,000. Finally, Avidian Wealth Enterprises LLC acquired a new stake in shares of EVE in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Trading Down 3.7%

EVE stock opened at $3.80 on Tuesday. The stock has a market cap of $1.32 billion, a P/E ratio of -5.84 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 has a 12 month low of $2.83 and a 12 month high of $7.70. The company’s fifty day simple moving average is $4.41 and its 200-day simple moving average is $4.56.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. As a group, sell-side analysts forecast that EVE will post -0.5 EPS 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.