EVE (NYSE:EVEX) Coverage Initiated at D. Boral Capital

Research analysts at D. Boral Capital began coverage on shares of EVE (NYSE:EVEX) in a research note issued to investors on Friday. The brokerage set a “buy” rating and a $6.00 price target on the stock. D. Boral Capital’s price target indicates a potential upside of 136.22% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group set a $5.00 target price on EVE in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Wall Street Zen raised shares of EVE from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Canaccord Genuity Group reduced their price objective 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. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.93.

EVE Stock Down 4.9%

EVEX stock opened at $2.54 on Friday. The stock’s 50 day simple moving average is $2.57 and its 200 day simple moving average is $2.81. The company has a market cap of $885.16 million, a P/E ratio of -4.10 and a beta of 1.14. The company has a debt-to-equity ratio of 13.65, a quick ratio of 3.48 and a current ratio of 3.48. EVE has a fifty-two week low of $2.10 and a fifty-two week high of $5.16.

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

Hedge Funds Weigh In On EVE

Hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP purchased a new stake in shares of EVE in the second quarter valued at about $28,000. R Squared Ltd bought a new position in shares of EVE during the first quarter valued at about $30,000. Themes Management Co LLC purchased a new position in EVE during the first quarter worth about $30,000. Pallas Capital Advisors LLC purchased a new position in EVE during the second quarter worth about $30,000. Finally, Deltec Asset Management LLC bought a new stake in EVE in the 1st quarter worth about $33,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.