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

Key Points

• Eve Holding, Inc. (NYSE:EVEX) has a consensus rating of "Hold" from six analysts, with one sell, two hold, and three buy recommendations.
• The average twelve-month target price among brokers for EVEX is $6.83, after Canaccord Genuity raised their price target from $6.75 to $7.50.
• Institutional investors hold 1.27% of the company's stock, with notable positions increased by Bank of New York Mellon Corp and Charles Schwab Investment Management.

Shares of Eve Holding, Inc. (NYSE:EVEX - Get Free Report) have earned an average rating of "Hold" from the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.8333.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of EVE in a report on Saturday. BTIG Research reissued a "neutral" rating on shares of EVE in a report on Tuesday, August 12th. Finally, Canaccord Genuity Group upped their price target on shares of EVE from $6.75 to $7.50 and gave the stock a "buy" rating in a report on Thursday, October 16th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EVEX. Bank of New York Mellon Corp increased its holdings in shares of 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. Arizona State Retirement System purchased a new position in EVE in the first quarter worth $57,000. KLP Kapitalforvaltning AS purchased a new position in EVE in the first quarter worth $39,000. Pinnacle Associates Ltd. purchased a new position in EVE in the first quarter worth $142,000. Finally, Charles Schwab Investment Management Inc. grew its position in EVE by 5.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 431,627 shares of the company's stock worth $1,433,000 after acquiring an additional 23,353 shares in the last quarter. Institutional investors own 1.27% of the company's stock.

EVE Stock Up 2.0%

EVEX stock opened at $4.43 on Friday. The company has a debt-to-equity ratio of 11.46, a quick ratio of 2.77 and a current ratio of 2.77. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -7.02 and a beta of 0.81. EVE has a fifty-two week low of $2.61 and a fifty-two week high of $7.70. The stock has a fifty day moving average of $4.17 and a 200-day moving average of $4.91.

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

About EVE

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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