Analysts Set Eve Holding, Inc. (NYSE:EVEX) Price Target at $6.47

Shares of Eve Holding, Inc. (NYSE:EVEX) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.4680.

EVEX has been the subject of a number of recent research reports. Canaccord Genuity Group lifted their target price on EVE from $6.75 to $7.50 and gave the stock a “buy” rating in a report on Thursday, October 16th. Cantor Fitzgerald restated an “overweight” rating on shares of EVE in a research report on Monday, November 24th. JPMorgan Chase & Co. cut their price objective on shares of EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group began coverage on shares of EVE in a research note on Monday, December 1st. They issued a “neutral” rating and a $4.84 target price on the stock.

Institutional Trading of EVE

Several institutional investors have recently added to or reduced their stakes in EVEX. AQR Capital Management LLC boosted its position in shares of EVE by 167.8% during the first quarter. AQR Capital Management LLC now owns 52,456 shares of the company’s stock valued at $174,000 after buying an additional 32,868 shares during the period. Strs Ohio bought a new stake in shares of EVE during the 1st quarter worth approximately $75,000. Rhumbline Advisers boosted its holdings in 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 period. Ethic Inc. grew its position in EVE by 54.6% in the 2nd quarter. Ethic Inc. now owns 22,300 shares of the company’s stock valued at $149,000 after acquiring an additional 7,874 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its position in EVE by 432.2% in the 2nd quarter. Pinnacle Associates Ltd. now owns 226,945 shares of the company’s stock valued at $1,557,000 after acquiring an additional 184,305 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

EVE Stock Up 4.7%

Shares of NYSE EVEX opened at $3.32 on Tuesday. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.91. EVE has a 12-month low of $2.83 and a 12-month high of $7.70. The firm’s 50-day moving average price is $4.39 and its 200-day moving average price is $4.49. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -5.11 and a beta of 0.83.

About EVE

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.