EVE (EVEX) Neutral Rating Confirmed at Cantor Fitzgerald

EVE (NYSE:EVEX – Get Free Report)Investment analysts at Cantor Fitzgerald reaffirmed their “neutral” rating on the stock in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a price target of $7.00 on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 71.15% from the company’s previous close.

Separately, Canaccord Genuity Group lowered their price target on shares of EVE from $9.00 to $8.50 and gave the stock a “buy” rating in a report on Tuesday, July 2nd.

Read our latest EVEX analysis

EVE Action Results

EVE stock was up $0.32 during afternoon trading on Monday, reaching $4.09. 16,650 shares of the company were traded, compared to its average volume of 56,215. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.96 and a liquidity ratio of 4.96. The EVE stock has a 52-week low of $3.15 and a high of $10.74. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -9.09, and a beta of 0.37. The company’s 50 day moving average is $4.57, and its two-hundred day moving average is $5.45.

EVE (NYSE:EVEX – Get Free Report) last released its quarterly earnings results on Tuesday, May 7. The company reported ($0.09) earnings per share (EPS) for the quarter. Equity research analysts on average expect EVE to post -0.52 EPS for the current fiscal year.

EVE Institutional Trading

An institutional investor recently increased its position in EVE stock. Strs Ohio increased its position in Eve Holding, Inc. (NYSE:EVEX – Free Report) by 3883.3% in the fourth quarter, according to its latest Form 13F filed with the SEC. The institutional investor holds 47,800 shares of the company’s stock after purchasing an additional 46,600 shares during the period. Strs Ohio’s stake in EVE was worth $349,000, according to its latest Form 13F filed with the SEC. Institutional investors and hedge funds hold 1.27% of the company’s stock.

About EVE

(Download the free report)

Eve Holding, Inc., together with its subsidiaries, develops urban air mobility solutions. It designs and manufactures electric vertical take-off and landing vehicles (eVTOL); provides eVTOL services and support, including materials, maintenance, technical support, training, ground support, and data services; and develops urban air traffic management systems.

Featured Articles

Get daily news and reviews for EVE – Enter your email address below to receive a concise summary of the latest news and analyst ratings for EVE and related companies in MarketBeat.com’s FREE daily newsletter.