Eve Holding, Inc. (NYSE:EVEX) Receives $5.93 Average PT from Brokerages

Shares of Eve Holding, Inc. (NYSE:EVEX) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.9317.

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of EVE from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 5th. Jefferies Financial Group set a $5.00 price objective on shares of EVE in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on shares of EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a research note on Tuesday, July 21st. Finally, D. Boral Capital initiated coverage on shares of EVE in a report on Friday, August 21st. They set a “buy” rating and a $6.00 price target on the stock.

EVE Stock Down 0.2%

NYSE:EVEX opened at $2.04 on Wednesday. The business’s fifty day moving average price is $2.40 and its 200 day moving average price is $2.67. The firm has a market capitalization of $709.18 million, a price-to-earnings ratio of -3.28 and a beta of 1.14. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 13.65. EVE has a 1-year low of $1.99 and a 1-year high of $5.16.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. On average, sell-side analysts forecast that EVE will post -0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new position in EVE in the 2nd quarter worth about $25,000. Corient Private Wealth LP acquired a new stake in shares of EVE during the 2nd quarter valued at about $28,000. Themes Management Co LLC bought a new stake in shares of EVE in the 1st quarter valued at approximately $30,000. Pallas Capital Advisors LLC bought a new stake in shares of EVE in the 2nd quarter valued at approximately $30,000. Finally, R Squared Ltd bought a new stake in shares of EVE in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

About EVE

Eve Air Mobility, Inc develops electric vertical takeoff and landing (eVTOL) aircraft and related solutions for the emerging urban air mobility market. The company is focused on enabling short-distance passenger and cargo transportation with electrically powered aircraft designed to operate from urban and regional vertiports.

In addition to its eVTOL aircraft, Eve is developing an ecosystem of services and technologies to support commercial operations. These include flight operations and fleet-management tools, maintenance and support services, and its Vector software platform, which is designed to help manage urban air mobility networks.