EVE (NYSE:EVEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of EVE (NYSE:EVEX) from a strong sell rating to a sell rating in a research report sent to investors on Saturday.

EVEX has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a report on Tuesday, July 21st. Canaccord Genuity Group cut their price target on shares of EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Jefferies Financial Group set a $5.00 price target on shares of EVE in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.82.

EVE Stock Performance

Shares of EVEX stock opened at $2.85 on Friday. The business has a fifty day moving average of $2.60 and a 200 day moving average of $2.89. EVE has a 1 year low of $2.10 and a 1 year high of $6.18. The company has a debt-to-equity ratio of 13.65, a current ratio of 3.48 and a quick ratio of 3.48. The firm has a market capitalization of $992.65 million, a price-to-earnings ratio of -4.60 and a beta of 1.14.

EVE (NYSE:EVEX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.08. As a group, research analysts expect that EVE will post -0.69 earnings per share for the current year.

Hedge Funds Weigh In On EVE

A number of institutional investors have recently modified their holdings of EVEX. AQR Capital Management LLC boosted its stake in shares of EVE by 167.8% in the first quarter. AQR Capital Management LLC now owns 52,456 shares of the company’s stock worth $174,000 after buying an additional 32,868 shares during the last quarter. Strs Ohio purchased a new position in EVE during the first quarter valued at approximately $75,000. Rhumbline Advisers raised its position in EVE by 25.5% during the first quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock valued at $117,000 after acquiring an additional 7,154 shares in the last quarter. Legal & General Group Plc lifted its holdings in EVE by 5.2% in the second quarter. Legal & General Group Plc now owns 165,336 shares of the company’s stock valued at $1,134,000 after acquiring an additional 8,108 shares during the period. Finally, Marshall Wace LLP acquired a new position in EVE in the second quarter valued at approximately $326,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

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.