Eve Holding, Inc. (NYSE:EVEX) Receives $6.83 Average Target Price from Brokerages

Eve Holding, Inc. (NYSE:EVEX) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $6.8333.

A number of equities research analysts have issued reports on EVEX shares. Canaccord Genuity Group boosted their target price on shares of EVE from $6.75 to $7.50 and gave the company a “buy” rating in a report on Thursday, October 16th. BTIG Research reissued a “neutral” rating on shares of EVE in a report on Tuesday, August 12th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a report on Wednesday, October 8th.

EVE Trading Down 0.6%

Shares of EVEX stock opened at $4.40 on Friday. EVE has a 12-month low of $2.61 and a 12-month high of $7.70. The firm has a market cap of $1.32 billion, a P/E ratio of -6.98 and a beta of 0.81. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 11.46. The company has a 50 day moving average of $4.17 and a 200-day moving average of $4.93.

EVE (NYSE:EVEX) last issued its earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). Sell-side analysts anticipate that EVE will post -0.5 earnings per share for the current year.

Institutional Investors Weigh In On EVE

A number of hedge funds and other institutional investors have recently bought and sold shares of EVEX. Bank of New York Mellon Corp raised its holdings in EVE by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 110,292 shares of the company’s stock valued at $366,000 after acquiring an additional 7,222 shares during the period. Arizona State Retirement System bought a new position in shares of EVE in the first quarter worth $57,000. KLP Kapitalforvaltning AS bought a new position in shares of EVE in the first quarter worth $39,000. Pinnacle Associates Ltd. bought a new position in shares of EVE in the first quarter worth $142,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of EVE by 5.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 431,627 shares of the company’s stock worth $1,433,000 after purchasing an additional 23,353 shares during the period. Institutional investors own 1.27% of the company’s stock.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.