EVE (NYSE:EVEX) Given New $6.00 Price Target at Cantor Fitzgerald

EVE (NYSE:EVEX) had its target price reduced by Cantor Fitzgerald from $7.00 to $6.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also issued reports on EVEX. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.50 target price on shares of EVE in a research note on Wednesday. The Goldman Sachs Group started coverage on shares of EVE in a report on Monday, December 1st. They set a “neutral” rating and a $4.84 price target for the company. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.67.

EVE Stock Down 2.9%

EVE stock opened at $2.50 on Wednesday. The company has a current ratio of 3.29, a quick ratio of 5.21 and a debt-to-equity ratio of 1.49. EVE has a 1-year low of $2.43 and a 1-year high of $7.70. The firm’s fifty day simple moving average is $3.52 and its 200-day simple moving average is $4.00. The company has a market capitalization of $869.01 million, a P/E ratio of -3.62 and a beta of 0.88.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Monday, March 16th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). Sell-side analysts forecast that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in shares of EVE by 167.8% in the first quarter. AQR Capital Management LLC now owns 52,456 shares of the company’s stock valued at $174,000 after buying an additional 32,868 shares during the period. Strs Ohio acquired a new position in EVE in the 1st quarter valued at approximately $75,000. Rhumbline Advisers raised its holdings in EVE by 25.5% in the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock valued at $117,000 after acquiring an additional 7,154 shares in the last quarter. Sagil Capital LLP bought a new stake in shares of EVE in the 2nd quarter worth approximately $1,908,000. Finally, Legal & General Group Plc grew its holdings in shares of EVE by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 165,336 shares of the company’s stock worth $1,134,000 after purchasing an additional 8,108 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

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.