EVE’s (EVEX) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of EVE (NYSE:EVEX) in a research report sent to investors on Monday, Benzinga reports. They currently have a $5.00 target price on the stock.

A number of other analysts also recently issued reports on the stock. HC Wainwright initiated coverage on shares of EVE in a research report on Tuesday, September 3rd. They set a buy rating and a $6.00 target price for the company. Canaccord Genuity Group dropped their price objective on shares of EVE from $9.00 to $8.50 and set a buy rating for the company in a research report on Tuesday, July 2nd.

EVE Stock Up 0.6 %

Shares of EVEX opened at $3.24 on Monday. EVE has a fifty-two week low of $2.33 and a fifty-two week high of $8.63. The company’s fifty day moving average is $2.88 and its two-hundred day moving average is $4.13. The firm has a market cap of $940.05 million, a PE ratio of -7.20 and a beta of 0.35. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.50.

EVE (NYSE:EVEX) last issued its earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.13). Analysts forecast that EVE will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On EVE

A hedge fund recently raised its stake in EVE stock. Vanguard Group Inc. grew its position in shares of Eve Holding, Inc. (NYSE:EVEX) by 7.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 517,707 shares of the company’s stock after purchasing an additional 34,484 shares during the period. Vanguard Group Inc. owned approximately 0.19% of EVE worth $2,796,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.27% of the company’s stock.

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.