Eve Holding, Inc. (NYSE:EVEX) Stock Has Average Price Target of $5.93 According to Brokerages

Shares of Eve Holding, Inc. (NYSE:EVEX) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.93.

Several research analysts recently weighed in on EVEX shares. 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 for the company. Wall Street Zen downgraded EVE from a “sell” rating to a “strong sell” rating in a research report on Sunday, October 4th. Jefferies Financial Group set a $5.00 price target on EVE in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. increased their price target on EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a report on Wednesday, August 12th.

Institutional Inflows and Outflows

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

EVE Stock Performance

EVE stock opened at $1.56 on Friday. The firm has a 50 day simple moving average of $2.23 and a 200-day simple moving average of $2.56. The company has a debt-to-equity ratio of 13.65, a current ratio of 3.48 and a quick ratio of 3.48. EVE has a 1-year low of $1.55 and a 1-year high of $5.16.

EVE (NYSE:EVEX) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.08. Sell-side analysts anticipate that EVE will post -0.69 earnings per share for the current year.

EVE Company Profile

Eve Holding, Inc, doing business through its subsidiary Eve Air Mobility, develops electric vertical takeoff and landing (eVTOL) aircraft and related solutions for urban air mobility. Its aircraft are designed to support short, low-emission passenger flights, including air-taxi services, airport transfers and other point-to-point transportation applications.

In addition to its eVTOL aircraft, Eve is developing an urban air traffic management software platform intended to help coordinate and manage advanced air mobility operations.