Eve Holding, Inc. (NYSE:EVEX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Eve Holding, Inc. (NYSE:EVEX) have received an average rating of “Hold” from the seven analysts that are presently covering the company, 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 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.4180.

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

Hedge Funds Weigh In On EVE

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of EVE by 117.6% in the third quarter. Vanguard Group Inc. now owns 5,226,742 shares of the company’s stock worth $19,914,000 after acquiring an additional 2,824,536 shares during the period. BW Gestao de Investimentos Ltda. raised its position in shares of EVE by 49.7% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 3,686,140 shares of the company’s stock worth $14,708,000 after buying an additional 1,223,719 shares in the last quarter. Masters Capital Management LLC raised its position in shares of EVE by 52.5% in the third quarter. Masters Capital Management LLC now owns 3,050,000 shares of the company’s stock worth $11,620,000 after buying an additional 1,050,000 shares in the last quarter. SPX Gestao de Recursos Ltda raised its position in shares of EVE by 383.1% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 2,845,692 shares of the company’s stock worth $11,354,000 after buying an additional 2,256,701 shares in the last quarter. Finally, United Airlines Holdings Inc. purchased a new stake in EVE during the fourth quarter valued at about $10,589,000. 1.27% of the stock is owned by institutional investors.

EVE Stock Performance

Shares of EVE stock opened at $2.88 on Thursday. The company has a market cap of $1.00 billion, a PE ratio of -3.94 and a beta of 1.04. EVE has a 52 week low of $2.34 and a 52 week high of $7.70. The business has a 50 day moving average price of $2.79 and a 200-day moving average price of $3.59. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 5.45.

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). Equities analysts anticipate that EVE will post -0.73 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.