Eve Holding, Inc. (NYSE:EVEX) Given Consensus Recommendation of “Hold” by Brokerages

Eve Holding, Inc. (NYSE:EVEX) has been assigned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $6.0225.

A number of analysts have commented on EVEX shares. Cantor Fitzgerald cut their price objective on shares of EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Friday, April 24th. Canaccord Genuity Group dropped their price target on EVE from $7.50 to $7.25 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. cut their price target on EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th.

EVE Stock Down 7.8%

EVEX opened at $2.56 on Friday. The company has a fifty day moving average of $2.90 and a two-hundred day moving average of $3.23. The stock has a market capitalization of $889.91 million, a price-to-earnings ratio of -3.50 and a beta of 1.13. EVE has a fifty-two week low of $2.32 and a fifty-two week high of $7.70. The company has a debt-to-equity ratio of 5.45, a quick ratio of 3.80 and a current ratio of 3.80.

EVE (NYSE:EVEX) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). On average, research analysts expect that EVE will post -0.73 earnings per share for the current year.

Institutional Trading of EVE

Several institutional investors and hedge funds have recently bought and sold shares of EVEX. R Squared Ltd acquired a new position in EVE in the 1st quarter valued at about $30,000. Themes Management Co LLC acquired a new stake in shares of EVE during the first quarter worth about $30,000. Deltec Asset Management LLC purchased a new position in shares of EVE in the first quarter valued at approximately $33,000. BNP Paribas Financial Markets grew its holdings in shares of EVE by 144.8% in the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after purchasing an additional 3,121 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of EVE by 52.3% in the first quarter. SG Americas Securities LLC now owns 17,001 shares of the company’s stock valued at $42,000 after purchasing an additional 5,840 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

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.