Eve Holding, Inc. (NYSE:EVEX) Receives Consensus Rating of “Hold” from Analysts

Eve Holding, Inc. (NYSE:EVEX) has received an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One research 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 twelve-month price objective among analysts that have issued a report on the stock in the last year is $6.5833.

Several brokerages have recently issued reports on EVEX. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price target on shares of EVE in a research note on Monday, June 23rd. Canaccord Genuity Group decreased their price target on shares of EVE from $7.00 to $6.75 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research note on Saturday, September 27th. HC Wainwright raised their price target on shares of EVE from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Finally, BTIG Research restated a “neutral” rating on shares of EVE in a research note on Tuesday, August 12th.

EVE Trading Up 6.2%

NYSE:EVEX opened at $4.56 on Wednesday. The company has a debt-to-equity ratio of 11.46, a quick ratio of 2.77 and a current ratio of 2.77. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -7.23 and a beta of 0.81. EVE has a 52 week low of $2.61 and a 52 week high of $7.70. The firm has a 50-day moving average price of $4.59 and a two-hundred day moving average price of $4.79.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.06). On average, equities analysts expect that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EVEX. American Century Companies Inc. boosted its holdings in EVE by 1,292.4% in the 1st quarter. American Century Companies Inc. now owns 379,694 shares of the company’s stock worth $1,261,000 after buying an additional 352,424 shares during the period. Sagil Capital LLP bought a new position in EVE in the 2nd quarter worth approximately $1,908,000. Pinnacle Associates Ltd. boosted its holdings in EVE by 432.2% in the 2nd quarter. Pinnacle Associates Ltd. now owns 226,945 shares of the company’s stock worth $1,557,000 after buying an additional 184,305 shares during the period. Swiss National Bank bought a new position in EVE in the 1st quarter worth approximately $383,000. Finally, Nuveen LLC bought a new position in EVE in the 1st quarter worth approximately $313,000. 1.27% of the stock is owned by institutional investors.

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.