EVE’s (EVEX) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of EVE (NYSE:EVEX) in a report published on Monday morning,Benzinga reports. They currently have a $5.00 price objective on the stock.

Separately, HC Wainwright upped their target price on EVE from $6.00 to $8.00 and gave the company a “buy” rating in a report on Monday, June 9th.

EVE Trading Down 1.1%

NYSE:EVEX opened at $5.39 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.60 and a current ratio of 3.60. EVE has a one year low of $2.33 and a one year high of $6.09. The business’s 50-day simple moving average is $4.57 and its 200 day simple moving average is $4.42. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -9.80 and a beta of 0.77.

EVE (NYSE:EVEX) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03). As a group, sell-side analysts predict that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EVE

A number of institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in EVE by 118.0% in the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock worth $30,000 after purchasing an additional 3,001 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of EVE by 257.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock valued at $29,000 after acquiring an additional 3,850 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of EVE during the 4th quarter valued at $34,000. Jane Street Group LLC lifted its position in shares of EVE by 64.8% during the 4th quarter. Jane Street Group LLC now owns 17,322 shares of the company’s stock valued at $94,000 after acquiring an additional 6,810 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of EVE by 25.5% during the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock valued at $117,000 after acquiring an additional 7,154 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

EVE Company Profile

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.