EVE’s (EVEX) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of EVE (NYSE:EVEX) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $7.50 price objective on the stock.

Other equities analysts also recently issued research reports about the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EVE in a research report on Monday, February 9th. The Goldman Sachs Group initiated coverage on shares of EVE in a research report on Monday, December 1st. They issued a “neutral” rating and a $4.84 target price for the company. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, EVE has a consensus rating of “Hold” and an average price target of $6.67.

EVE Stock Down 2.9%

Shares of EVEX stock opened at $2.50 on Wednesday. EVE has a 12-month low of $2.43 and a 12-month high of $7.70. The company has a quick ratio of 5.21, a current ratio of 3.29 and a debt-to-equity ratio of 1.49. The firm has a fifty day moving average of $3.52 and a 200-day moving average of $4.00. The company has a market capitalization of $869.01 million, a price-to-earnings ratio of -3.62 and a beta of 0.88.

EVE (NYSE:EVEX) last posted its quarterly earnings data on Monday, March 16th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). As a group, equities research analysts predict that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of EVE

Large investors have recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda lifted its position in shares of EVE by 120.0% in the third quarter. Kapitalo Investimentos Ltda now owns 1,100,000 shares of the company’s stock valued at $4,191,000 after buying an additional 600,000 shares during the last quarter. Sagil Capital LLP acquired a new stake in EVE during the 2nd quarter valued at $1,908,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of EVE during the 3rd quarter worth about $9,382,000. Heights Capital Management Inc. acquired a new stake in shares of EVE during the 3rd quarter worth about $2,652,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in shares of EVE during the 3rd quarter worth about $2,244,000. Institutional investors and hedge funds 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.