Eve Holding, Inc. (NYSE:EVEX) Receives $6.47 Consensus Price Target from Brokerages

Shares of Eve Holding, Inc. (NYSE:EVEX) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.4680.

EVEX has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on EVE in a report on Monday, December 1st. They issued a “neutral” rating and a $4.84 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Cantor Fitzgerald reissued an “overweight” rating on shares of EVE in a research report on Monday, November 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVE in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group raised their price target on shares of EVE from $6.75 to $7.50 and gave the company a “buy” rating in a research report on Thursday, October 16th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EVEX. BNP Paribas Financial Markets lifted its holdings in shares of EVE by 144.8% during the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after purchasing an additional 3,121 shares in the last quarter. Canal Insurance CO purchased a new position in EVE in the 3rd quarter worth about $38,000. B. Riley Wealth Advisors Inc. bought a new position in EVE during the 2nd quarter valued at about $69,000. Schonfeld Strategic Advisors LLC bought a new position in EVE during the 3rd quarter valued at about $42,000. Finally, SG Americas Securities LLC purchased a new stake in shares of EVE during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

EVE Price Performance

Shares of EVEX opened at $4.67 on Friday. EVE has a fifty-two week low of $2.83 and a fifty-two week high of $7.70. The firm’s 50-day simple moving average is $4.35 and its two-hundred day simple moving average is $4.84. The stock has a market cap of $1.62 billion, a PE ratio of -7.18 and a beta of 0.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.21 and a current ratio of 5.21.

EVE (NYSE:EVEX) last released its earnings results on Tuesday, November 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. Analysts anticipate that EVE will post -0.5 earnings per share for the current fiscal year.

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.