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

Eve Holding, Inc. (NYSE:EVEX) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $6.4680.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of EVE from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Cantor Fitzgerald reiterated an “overweight” rating on shares of EVE in a report on Monday, November 24th. The Goldman Sachs Group assumed coverage on shares of EVE in a research report on Monday, December 1st. They issued a “neutral” rating and a $4.84 price objective for the company. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group boosted their price target on EVE from $6.75 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, October 16th.

EVE Stock Performance

NYSE EVEX opened at $4.42 on Friday. EVE has a twelve month low of $2.83 and a twelve month high of $7.70. The business’s 50-day moving average price is $4.34 and its 200 day moving average price is $4.84. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.54 billion, a PE ratio of -6.79 and a beta of 0.83.

EVE (NYSE:EVEX) last posted its earnings results on Tuesday, November 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. On average, research analysts predict that EVE will post -0.5 earnings per share for the current year.

Institutional Trading of EVE

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in EVE during the fourth quarter worth about $45,000. Polar Asset Management Partners Inc. bought a new position in shares of EVE during the third quarter valued at approximately $2,568,000. Heights Capital Management Inc. acquired a new stake in shares of EVE during the 3rd quarter worth approximately $2,652,000. Aureus Asset Management LLC increased its position in EVE by 56.0% in the third quarter. Aureus Asset Management LLC now owns 19,500 shares of the company’s stock worth $74,000 after buying an additional 7,000 shares during the period. Finally, Numerai GP LLC bought a new stake in EVE in the 3rd quarter valued at about $264,000. Institutional investors own 1.27% of the company’s stock.

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.