Eve Holding, Inc. (NYSE:EVEX) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Eve Holding received a “Moderate Buy” consensus rating from six analysts: four buys, one hold and one sell. The average 12-month price target is approximately $5.93, well above the reported $2.64 share price.
• Analyst views remain mixed, with JPMorgan raising its target to $6.50 and Canaccord trimming its target to $7.25; Jefferies set a $5.00 target, while Weiss Ratings and Wall Street Zen maintained sell ratings.
• EVE shares were up 3.9%, while the company reported a quarterly loss of $0.10 per share—better than the expected $0.18 loss. Hedge funds and institutional investors collectively own 1.27% of the stock.

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $5.9317.

Several equities analysts have recently commented on EVEX shares. JPMorgan Chase & Co. boosted their target price on shares of EVE from $6.00 to $6.50 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Canaccord Genuity Group cut their target price on shares of EVE from $7.50 to $7.25 and set a "buy" rating for the company in a research note on Wednesday, May 6th. Jefferies Financial Group set a $5.00 price target on shares of EVE in a report on Wednesday, August 5th. Weiss Ratings reiterated a "sell (e+)" rating on shares of EVE in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised shares of EVE from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th.

Institutional Investors Weigh In On EVE

A number of hedge funds have recently made changes to their positions in EVEX. Amundi grew its holdings in EVE by 10.7% during the 3rd quarter. Amundi now owns 30,426 shares of the company's stock valued at $116,000 after buying an additional 2,941 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of EVE by 144.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company's stock valued at $36,000 after acquiring an additional 3,121 shares during the last quarter. Bank of America Corp DE boosted its position in shares of EVE by 13.1% during the 3rd quarter. Bank of America Corp DE now owns 43,324 shares of the company's stock valued at $165,000 after acquiring an additional 5,025 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of EVE by 52.3% in the first quarter. SG Americas Securities LLC now owns 17,001 shares of the company's stock valued at $42,000 after purchasing an additional 5,840 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of EVE by 47.0% in the fourth quarter. Invesco Ltd. now owns 20,038 shares of the company's stock valued at $80,000 after purchasing an additional 6,403 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

EVE Stock Up 3.9%

NYSE EVEX opened at $2.64 on Friday. The stock's 50 day moving average is $2.57 and its 200 day moving average is $2.81. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 13.65. EVE has a 12 month low of $2.10 and a 12 month high of $5.16. The stock has a market cap of $920.01 million, a PE ratio of -4.26 and a beta of 1.14.

EVE (NYSE:EVEX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.08. Research analysts predict that EVE will post -0.69 EPS 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.

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