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

Cantor Fitzgerald reaffirmed their overweight rating on shares of EVE (NYSE:EVEX) in a research note released on Friday morning,Benzinga reports. They currently have a $5.00 target price on the stock.

Other equities analysts have also issued research reports about the company. HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of EVE in a research note on Wednesday, March 12th. Canaccord Genuity Group raised their price target on EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, TD Cowen raised shares of EVE to a “hold” rating in a research report on Thursday, December 19th.

EVE Trading Down 2.9 %

EVEX stock opened at $3.19 on Friday. EVE has a one year low of $2.33 and a one year high of $6.09. The stock has a market cap of $948.00 million, a price-to-earnings ratio of -6.64 and a beta of 0.45. The company has a fifty day moving average price of $4.50 and a two-hundred day moving average price of $3.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21.

EVE (NYSE:EVEX) last announced its earnings results on Friday, March 14th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. Equities analysts anticipate that EVE will post -0.5 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. lifted its holdings in shares of EVE by 257.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock worth $29,000 after acquiring an additional 3,850 shares during the last quarter. Legal & General Group Plc lifted its stake in EVE by 118.0% in the 4th quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock valued at $30,000 after purchasing an additional 3,001 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in EVE in the fourth quarter valued at approximately $34,000. Invesco Ltd. bought a new stake in shares of EVE during the fourth quarter worth $62,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of EVE during the third quarter worth $40,000. Institutional investors own 1.27% of the company’s stock.

EVE Company Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.