EVE (NYSE:EVEX) Rating Increased to Hold at TD Cowen

EVE (NYSE:EVEX) was upgraded by equities researchers at TD Cowen to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Canaccord Genuity Group raised their target price on EVE from $6.75 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price objective on shares of EVE in a research note on Tuesday, November 5th. Finally, HC Wainwright started coverage on shares of EVE in a research note on Tuesday, September 3rd. They set a “buy” rating and a $6.00 target price on the stock.

EVE Price Performance

Shares of NYSE EVEX opened at $5.01 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21. The firm has a fifty day moving average of $3.66 and a 200 day moving average of $3.43. The firm has a market cap of $1.49 billion, a PE ratio of -10.44 and a beta of 0.53. EVE has a one year low of $2.33 and a one year high of $7.57.

EVE (NYSE:EVEX) last released its earnings results on Monday, November 4th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same quarter in the previous year, the firm posted ($0.11) EPS. As a group, research analysts predict that EVE will post -0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On EVE

Institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. acquired a new stake in shares of EVE in the 3rd quarter worth $53,000. Barclays PLC grew its holdings in shares of EVE by 594.1% in the third quarter. Barclays PLC now owns 43,931 shares of the company’s stock valued at $141,000 after purchasing an additional 37,602 shares during the period. Geode Capital Management LLC increased its position in EVE by 65.4% during the third quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock worth $2,754,000 after purchasing an additional 336,133 shares during the last quarter. State Street Corp raised its stake in EVE by 3.8% during the third quarter. State Street Corp now owns 378,123 shares of the company’s stock worth $1,225,000 after purchasing an additional 13,700 shares during the period. Finally, Readystate Asset Management LP acquired a new position in EVE in the 3rd quarter valued at about $83,000. 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.