EVE (NYSE:EVEX) Given New $6.00 Price Target at JPMorgan Chase & Co.

EVE (NYSE:EVEX) had its target price cut by JPMorgan Chase & Co. from $7.00 to $6.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently commented on the stock. Cantor Fitzgerald decreased their price objective on shares of EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.50 target price on shares of EVE in a research note on Wednesday, March 18th. Finally, The Goldman Sachs Group started coverage on EVE in a report on Monday, December 1st. They set a “neutral” rating and a $4.84 price target for the company. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.47.

EVE Trading Up 0.2%

Shares of EVE stock opened at $2.50 on Tuesday. The stock has a market cap of $869.01 million, a P/E ratio of -3.62 and a beta of 0.88. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 1.49. EVE has a 12-month low of $2.34 and a 12-month high of $7.70. The business’s 50 day moving average is $3.36 and its 200-day moving average is $3.96.

EVE (NYSE:EVEX) last issued its 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). Equities research analysts predict that EVE will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EVE

A number of large investors have recently made changes to their positions in EVEX. J. Derek Lewis & Associates Inc. acquired a new stake in EVE during the 4th quarter worth approximately $128,000. Invesco Ltd. grew its holdings in EVE by 47.0% in the 4th quarter. Invesco Ltd. now owns 20,038 shares of the company’s stock valued at $80,000 after buying an additional 6,403 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in EVE during the 4th quarter worth $192,000. Susquehanna Fundamental Investments LLC bought a new position in EVE during the 4th quarter worth $68,000. Finally, Numerai GP LLC lifted its holdings in shares of EVE by 28.7% during the fourth quarter. Numerai GP LLC now owns 89,168 shares of the company’s stock worth $356,000 after buying an additional 19,898 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

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.