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

Shares of Eve Holding, Inc. (NYSE:EVEX) have received an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $6.4680.

A number of brokerages recently weighed in on EVEX. Cantor Fitzgerald lowered their price target 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. The Goldman Sachs Group began coverage on EVE in a report on Monday, December 1st. They set a “neutral” rating and a $4.84 price objective on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $7.50 target price on shares of EVE in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. dropped their target price on EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th.

Institutional Trading of EVE

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in EVE by 117.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,226,742 shares of the company’s stock valued at $19,914,000 after purchasing an additional 2,824,536 shares during the period. United Airlines Holdings Inc. acquired a new stake in shares of EVE during the 4th quarter worth approximately $10,589,000. Cooper Creek Partners Management LLC acquired a new stake in shares of EVE during the 3rd quarter worth approximately $9,608,000. BW Gestao de Investimentos Ltda. bought a new stake in shares of EVE during the third quarter worth approximately $9,382,000. Finally, SPX Gestao de Recursos Ltda lifted its holdings in 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 buying an additional 2,256,701 shares during the period. 1.27% of the stock is owned by institutional investors.

EVE Stock Up 0.2%

Shares of NYSE EVEX opened at $2.44 on Wednesday. EVE has a 12-month low of $2.34 and a 12-month high of $7.70. The firm’s 50-day simple moving average is $3.24 and its 200 day simple moving average is $3.94. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 1.49. The company has a market cap of $848.11 million, a price-to-earnings ratio of -3.53 and a beta of 0.88.

EVE (NYSE:EVEX) last announced its earnings results on Monday, March 16th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). On average, research analysts expect that EVE will post -0.5 earnings per share for the current fiscal year.

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.