Eve Holding, Inc. (NYSE:EVEX) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Eve Holding, Inc. has received an average rating of "Moderate Buy" from analysts, with two holding and three buying recommendations.
• The average 1-year price target for the stock is $6.5833, despite recent adjustments from various analysts, such as a decrease from $7.00 to $6.75 by Canaccord Genuity.
• As of the latest report, EVE shares opened at $3.81, and the company reported a quarterly loss of ($0.21) EPS, missing expectations.

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) has been given an average rating of "Moderate Buy" by the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.5833.

Several research analysts have recently commented on the stock. Canaccord Genuity Group decreased their price target on shares of EVE from $7.00 to $6.75 and set a "buy" rating for the company in a report on Wednesday, August 20th. BTIG Research restated a "neutral" rating on shares of EVE in a research note on Tuesday, August 12th. HC Wainwright increased their price target on EVE from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $5.00 price objective on shares of EVE in a research report on Monday, June 23rd.

EVE Price Performance

Shares of NYSE EVEX opened at $3.81 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 11.46. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -6.04 and a beta of 0.82. EVE has a twelve month low of $2.61 and a twelve month high of $7.70. The business has a 50 day simple moving average of $4.77 and a 200-day simple moving average of $4.76.

EVE (NYSE:EVEX - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.06). As a group, equities research analysts expect that EVE will post -0.5 earnings per share for the current year.

Institutional Trading of EVE

A number of large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company's stock worth $36,000 after buying an additional 3,121 shares in the last quarter. Bank of America Corp DE grew its stake in shares of EVE by 18.2% in the second quarter. Bank of America Corp DE now owns 38,299 shares of the company's stock worth $263,000 after purchasing an additional 5,908 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of EVE by 64.8% during the fourth quarter. Jane Street Group LLC now owns 17,322 shares of the company's stock valued at $94,000 after purchasing an additional 6,810 shares during the period. Rhumbline Advisers raised its stake in shares of 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 purchasing an additional 7,154 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in EVE by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 110,292 shares of the company's stock worth $366,000 after purchasing an additional 7,222 shares during the period. Institutional investors and hedge funds own 1.27% of the company's stock.

EVE Company Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.

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