Cantor Fitzgerald Reaffirms “Overweight” Rating for EVE (NYSE:EVEX)

EVE (NYSE:EVEX)‘s stock had its “overweight” rating restated by investment analysts at Cantor Fitzgerald in a report issued on Monday, Benzinga reports. They currently have a $5.00 price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 66.67% from the company’s previous close.

EVEX has been the subject of several other research reports. HC Wainwright started coverage on EVE in a research report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective for the company. Canaccord Genuity Group decreased their price target on shares of EVE from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, July 2nd.

EVE Trading Up 0.3 %

Shares of NYSE EVEX traded up $0.01 during midday trading on Monday, hitting $3.00. 39,619 shares of the company traded hands, compared to its average volume of 102,979. EVE has a 12-month low of $2.33 and a 12-month high of $8.72. The firm has a market cap of $808.10 million, a P/E ratio of -6.67 and a beta of 0.35. The stock has a 50-day moving average price of $2.94 and a 200 day moving average price of $4.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.87 and a current ratio of 3.87.

EVE (NYSE:EVEX) last posted its earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). As a group, analysts expect that EVE will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EVE stock. Vanguard Group Inc. grew its stake in shares of Eve Holding, Inc. (NYSE:EVEX) by 7.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 517,707 shares of the company’s stock after acquiring an additional 34,484 shares during the quarter. Vanguard Group Inc. owned about 0.19% of EVE worth $2,796,000 as of its most recent SEC filing. 1.27% of the stock is owned by hedge funds and other institutional investors.

About EVE

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.