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

EVE (NYSE:EVEX)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $5.00 price target on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 79.21% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. HC Wainwright began coverage on EVE in a research note on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective for the company. Canaccord Genuity Group lowered their price target on 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 4.5 %

Shares of NYSE:EVEX traded up $0.12 during midday trading on Monday, reaching $2.79. The company’s stock had a trading volume of 39,022 shares, compared to its average volume of 74,280. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $3.03 and a 200-day moving average of $4.40. The firm has a market capitalization of $809.49 million, a P/E ratio of -6.20 and a beta of 0.35. EVE has a 12-month low of $2.33 and a 12-month high of $9.18.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). On average, research analysts anticipate that EVE will post -0.49 earnings per share for the current year.

Institutional Trading of EVE

A hedge fund recently raised its stake in EVE stock. Vanguard Group Inc. lifted its holdings in shares of Eve Holding, Inc. (NYSE:EVEX) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 517,707 shares of the company’s stock after buying an additional 34,484 shares during the period. Vanguard Group Inc. owned approximately 0.19% of EVE worth $2,796,000 at the end of the most recent reporting period. 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.