Eve Holding, Inc. (NYSE:EVEX) Receives Average Rating of "Hold" from Brokerages

Key Points

• Consensus "Hold": Seven analysts rate EVEX a consensus "Hold" (1 sell, 2 hold, 4 buy) with an average 1‑year price target of $6.47.
• Recent results and valuation: Eve missed quarterly EPS (reported ($0.18) vs. ($0.14) expected) and analysts project about ($0.50) for the year; the stock trades near $2.50 (52‑week range $2.34–$7.70) with a market cap around $869M.

Shares of Eve Holding, Inc. (NYSE:EVEX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $6.4680.

Several brokerages have issued reports on EVEX. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $7.50 price objective on shares of EVE in a research report on Wednesday, March 18th. The Goldman Sachs Group initiated coverage on shares of EVE in a research report on Monday, December 1st. They set a "neutral" rating and a $4.84 target price on the stock. JPMorgan Chase & Co. 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 Tuesday. Finally, Cantor Fitzgerald dropped their price target on shares of EVE from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 18th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. J. Derek Lewis & Associates Inc. purchased a new position in EVE in the fourth quarter valued at about $128,000. Invesco Ltd. increased its holdings in EVE by 47.0% during the 4th quarter. Invesco Ltd. now owns 20,038 shares of the company's stock worth $80,000 after purchasing an additional 6,403 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of EVE in the 4th quarter valued at approximately $192,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of EVE in the 4th quarter valued at approximately $68,000. Finally, Numerai GP LLC boosted its stake in shares of EVE by 28.7% during the 4th quarter. Numerai GP LLC now owns 89,168 shares of the company's stock valued at $356,000 after buying an additional 19,898 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

EVE Price Performance

EVEX opened at $2.50 on Wednesday. EVE has a 52-week low of $2.34 and a 52-week high of $7.70. The company has a 50 day moving average of $3.36 and a two-hundred day moving average of $3.96. The company has a market cap of $869.01 million, a P/E ratio of -3.62 and a beta of 0.88. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 1.49.

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