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

EVE logo with Aerospace background

Key Points

  • Brokerages have given Eve Holding, Inc. (NYSE:EVEX) a consensus rating of "Moderate Buy," with an average target price of $6.67.
  • Recent institutional investments saw Summit Investment Advisors increase their holdings by 257.5%, while Legal & General Group Plc boosted theirs by 118% in the fourth quarter.
  • Eve Holding reported a loss of ($0.21) earnings per share in their last earnings announcement, missing consensus estimates by ($0.06).
  • Want stock alerts on EVE? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Eve Holding, Inc. (NYSE:EVEX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.6667.

EVEX has been the subject of several recent analyst reports. BTIG Research restated a "neutral" rating on shares of EVE in a report on Tuesday. Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 target price on shares of EVE in a research note on Monday, June 23rd. Finally, 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.

View Our Latest Research Report on EVEX

Institutional Trading of EVE

Institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Investment Advisors Inc. raised its holdings in EVE by 257.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company's stock worth $29,000 after acquiring an additional 3,850 shares during the last quarter. Legal & General Group Plc grew its position in EVE by 118.0% in the 4th quarter. Legal & General Group Plc now owns 5,545 shares of the company's stock worth $30,000 after purchasing an additional 3,001 shares during the period. BNP Paribas Financial Markets bought a new stake in EVE in the 4th quarter worth approximately $34,000. Invesco Ltd. bought a new position in shares of EVE during the 4th quarter valued at about $62,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of EVE during the 1st quarter valued at about $39,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

EVE Stock Down 0.4%

NYSE EVEX traded down $0.03 on Tuesday, reaching $5.98. The company had a trading volume of 95,976 shares, compared to its average volume of 302,424. The firm has a market capitalization of $1.78 billion, a PE ratio of -9.49 and a beta of 0.85. EVE has a 1 year low of $2.33 and a 1 year high of $7.70. The firm has a 50-day moving average of $6.31 and a 200-day moving average of $4.82. The company has a debt-to-equity ratio of 11.46, a current ratio of 2.77 and a quick ratio of 2.77.

EVE (NYSE:EVEX - Get Free Report) last announced its 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). On average, equities research analysts anticipate that EVE will post -0.5 EPS for the current fiscal year.

EVE Company Profile

(Get Free Report)

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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Analyst Recommendations for EVE (NYSE:EVEX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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