EVE (NYSE:EVEX) Price Target Cut to $8.50 by Analysts at Canaccord Genuity Group

EVE (NYSE:EVEX) had its target price reduced by Canaccord Genuity Group from $9.00 to $8.50 in a research note issued to investors on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Cantor Fitzgerald reaffirmed a neutral rating and set a $7.00 price objective on shares of EVE in a research note on Monday.

EVE Stock Down 0.9 %

EVE stock opened at $3.25 on Tuesday. EVE has a 1-year low of $3.15 and a 1-year high of $10.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.96 and a quick ratio of 4.96. The stock has a market cap of $875.45 million, a PE ratio of -7.22 and a beta of 0.37. The stock’s fifty day moving average is $4.88 and its two-hundred day moving average is $5.67.

EVE (NYSE:EVEX) last posted its earnings results on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter. On average, sell-side analysts expect that EVE will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On EVE

An institutional investor recently raised its position in EVE stock. Strs Ohio grew its holdings in shares of Eve Holding, Inc. (NYSE:EVEX) by 3,883.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,800 shares of the company’s stock after purchasing an additional 46,600 shares during the quarter. Strs Ohio’s holdings in EVE were worth $349,000 at the end of the most recent quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

EVE Company Profile

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.