Brokerages Set Eve Holding, Inc. (NYSE:EVEX) PT at $5.93

Shares of Eve Holding, Inc. (NYSE:EVEX) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com 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 target among brokerages that have issued ratings on the stock in the last year is $5.9317.

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of EVE from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Canaccord Genuity Group dropped their target price on shares of EVE from $7.50 to $7.25 and set a “buy” rating for the company in a report on Wednesday, May 6th. D. Boral Capital began coverage on EVE in a research report on Friday. They issued a “buy” rating and a $6.00 target price on the stock. JPMorgan Chase & Co. upped their price target on EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st.

EVE Trading Down 5.4%

NYSE EVEX opened at $2.49 on Friday. The firm’s 50-day moving average is $2.56 and its two-hundred day moving average is $2.79. EVE has a 12 month low of $2.10 and a 12 month high of $5.16. The company has a debt-to-equity ratio of 13.65, a current ratio of 3.48 and a quick ratio of 3.48. The stock has a market capitalization of $866.69 million, a P/E ratio of -4.01 and a beta of 1.14.

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

Hedge Funds Weigh In On EVE

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in EVE in the 2nd quarter valued at about $17,742,000. Vanguard Group Inc. increased its stake in EVE by 117.6% during the third 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 during the period. BW Gestao de Investimentos Ltda. lifted its position in shares of EVE by 49.7% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 3,686,140 shares of the company’s stock worth $14,708,000 after purchasing an additional 1,223,719 shares in the last quarter. Masters Capital Management LLC lifted its position in shares of EVE by 52.5% during the third quarter. Masters Capital Management LLC now owns 3,050,000 shares of the company’s stock worth $11,620,000 after purchasing an additional 1,050,000 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda boosted its stake in shares of EVE by 383.1% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 2,845,692 shares of the company’s stock valued at $11,354,000 after purchasing an additional 2,256,701 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Company Profile

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.