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

Eve Holding, Inc. (NYSE:EVEX) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $6.4680.

Several equities analysts recently commented on EVEX shares. Cantor Fitzgerald reiterated an “overweight” rating on shares of EVE in a research note on Monday, February 9th. The Goldman Sachs Group initiated coverage on EVE in a research report on Monday, December 1st. They set a “neutral” rating and a $4.84 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on EVE from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th.

Institutional Trading of EVE

Several hedge funds and other institutional investors have recently modified their holdings of EVEX. BNP Paribas Financial Markets grew its stake in EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after buying an additional 3,121 shares in the last quarter. Canal Insurance CO bought a new position in shares of EVE in the third quarter worth $38,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of EVE in the third quarter valued at $42,000. SG Americas Securities LLC purchased a new position in shares of EVE in the fourth quarter valued at $45,000. Finally, Avidian Wealth Enterprises LLC bought a new stake in shares of EVE during the 3rd quarter valued at $49,000. Institutional investors own 1.27% of the company’s stock.

EVE Stock Performance

Shares of EVEX stock opened at $3.10 on Friday. The firm’s 50-day simple moving average is $3.80 and its two-hundred day simple moving average is $4.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.21 and a current ratio of 5.21. EVE has a 52 week low of $2.83 and a 52 week high of $7.70. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -4.77 and a beta of 0.88.

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.