Eve Holding, Inc. (NYSE:EVEX – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $5.89.
A number of analysts recently weighed in on the stock. Jefferies Financial Group set a $5.00 price objective on shares of EVE in a research report on Wednesday, August 5th. Canaccord Genuity Group dropped their target price on EVE from $7.50 to $7.00 and set a “buy” rating for the company in a research report on Friday, November 6th. JPMorgan Chase & Co. upped their target price on EVE from $6.00 to $6.50 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Wall Street Zen cut EVE from a “sell” rating to a “strong sell” rating in a report on Sunday, October 4th. Finally, D. Boral Capital started coverage on EVE in a research report on Friday, August 21st. They issued a “buy” rating and a $6.00 price objective on the stock.
Get Our Latest Stock Report on EVE
EVE Stock Down 2.8%
EVEX opened at $1.94 on Thursday. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 13.65. EVE has a 52 week low of $1.41 and a 52 week high of $5.16. The firm has a 50-day simple moving average of $1.85 and a two-hundred day simple moving average of $2.58. The company has a market capitalization of $674.32 million, a PE ratio of -3.02 and a beta of 1.25.
EVE (NYSE:EVEX – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Analysts forecast that EVE will post -0.67 earnings per share for the current fiscal year.
Hedge Funds Weigh In On EVE
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in EVE in the second quarter worth approximately $17,742,000. Kapitalo Investimentos Ltda purchased a new stake in shares of EVE in the 2nd quarter worth $2,761,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of EVE in the 2nd quarter worth $1,041,000. Renaissance Technologies LLC bought a new position in shares of EVE during the 1st quarter worth $854,000. Finally, Ieq Capital LLC bought a new position in shares of EVE during the 2nd quarter worth $685,000. 1.27% of the stock is owned by hedge funds and other institutional investors.
EVE Company Profile
Eve Air Mobility Inc. (NYSE: EVEX) develops electric vertical takeoff and landing (eVTOL) aircraft and related solutions for urban air mobility. Its aircraft are designed for short trips between locations such as city centers and airports. Eve is developing its aircraft and supporting technologies; it is not yet a commercial air-taxi operator. In addition to aircraft, the company is working on air traffic management software and services intended to support the integration of eVTOL flights into urban transportation networks.
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