Eve Holding, Inc. (NYSE:EVEX) Given Consensus Rating of “Hold” by Brokerages

Eve Holding, Inc. (NYSE:EVEX) has earned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.4180.

Several brokerages have commented on EVEX. Canaccord Genuity Group lowered their price objective on shares of EVE from $7.50 to $7.25 and set a “buy” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price target on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a report on Friday, April 24th. Finally, Cantor Fitzgerald reduced their price objective on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th.

Institutional Investors Weigh In On EVE

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in EVE by 117.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,226,742 shares of the company’s stock worth $19,914,000 after purchasing an additional 2,824,536 shares in the last quarter. United Airlines Holdings Inc. acquired a new stake in EVE in the fourth quarter valued at approximately $10,589,000. Cooper Creek Partners Management LLC bought a new stake in shares of EVE during the third quarter worth $9,608,000. BW Gestao de Investimentos Ltda. bought a new stake in shares of EVE during the third quarter worth $9,382,000. Finally, SPX Gestao de Recursos Ltda increased its holdings in shares of EVE by 383.1% during the fourth 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 in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

EVE Trading Up 1.3%

Shares of EVE stock opened at $2.83 on Thursday. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 5.45. EVE has a 12-month low of $2.34 and a 12-month high of $7.70. The company has a market capitalization of $983.96 million, a price-to-earnings ratio of -3.87 and a beta of 1.04. The firm’s 50-day moving average price is $2.78 and its two-hundred day moving average price is $3.57.

EVE (NYSE:EVEX) last issued its earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). On average, analysts forecast that EVE will post -0.73 earnings per share for the current fiscal year.

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.