EVE (NYSE:EVEX – Free Report) had its price objective upped by JPMorgan Chase & Co. from $6.00 to $6.50 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.
Several other analysts have also commented on EVEX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. Canaccord Genuity Group lowered their price target on EVE from $7.50 to $7.25 and set a “buy” rating for the company in a report on Wednesday, May 6th. Wall Street Zen raised EVE from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group set a $5.00 price objective on EVE in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.92.
Check Out Our Latest Stock Analysis on EVEX
EVE Trading Down 2.3%
EVE (NYSE:EVEX – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.08. On average, sell-side analysts predict that EVE will post -0.69 EPS for the current fiscal year.
Institutional Trading of EVE
A number of large investors have recently bought and sold shares of EVEX. AQR Capital Management LLC grew its position in EVE by 167.8% during the 1st quarter. AQR Capital Management LLC now owns 52,456 shares of the company’s stock worth $174,000 after purchasing an additional 32,868 shares during the last quarter. Strs Ohio acquired a new stake in shares of EVE during the first quarter worth about $75,000. Rhumbline Advisers grew its holdings in shares of EVE by 25.5% during the first quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock worth $117,000 after buying an additional 7,154 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of EVE by 5.2% during the second quarter. Legal & General Group Plc now owns 165,336 shares of the company’s stock worth $1,134,000 after buying an additional 8,108 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in EVE in the 2nd quarter valued at about $326,000. Institutional investors and hedge funds 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.
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