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

Shares of Eve Holding, Inc. (NYSE:EVEX) have received an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.4680.

Several brokerages have recently commented on EVEX. The Goldman Sachs Group initiated coverage on EVE in a report on Monday, December 1st. They issued a “neutral” rating and a $4.84 price target for the company. JPMorgan Chase & Co. reduced their target price on shares of EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of EVE in a research note on Monday, February 9th.

EVE Trading Down 4.0%

Shares of EVEX stock opened at $3.03 on Friday. EVE has a 52-week low of $2.83 and a 52-week high of $7.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.21 and a current ratio of 5.21. The firm has a fifty day moving average of $3.89 and a 200-day moving average of $4.15. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -4.65 and a beta of 0.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in EVE by 117.6% in the third quarter. Vanguard Group Inc. now owns 5,226,742 shares of the company’s stock valued at $19,914,000 after purchasing an additional 2,824,536 shares in the last quarter. BW Gestao de Investimentos Ltda. increased its position in shares of EVE by 49.7% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 3,686,140 shares of the company’s stock valued at $14,708,000 after buying an additional 1,223,719 shares in the last quarter. Masters Capital Management LLC raised its stake in EVE by 52.5% during the 3rd quarter. Masters Capital Management LLC now owns 3,050,000 shares of the company’s stock worth $11,620,000 after buying an additional 1,050,000 shares during the period. SPX Gestao de Recursos Ltda raised its stake in EVE by 383.1% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 2,845,692 shares of the company’s stock worth $11,354,000 after buying an additional 2,256,701 shares during the period. Finally, United Airlines Holdings Inc. bought a new position in EVE during the fourth quarter worth about $10,589,000. 1.27% of the stock is currently owned by institutional investors.

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.