EVE (NYSE:EVEX) Price Target Raised to $7.00

EVE (NYSE:EVEX) had its price target hoisted by Canaccord Genuity Group from $6.75 to $7.00 in a research report report published on Monday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price target on shares of EVE in a research note on Tuesday, November 5th. HC Wainwright assumed coverage on EVE in a research note on Tuesday, September 3rd. They set a “buy” rating and a $6.00 target price on the stock.

EVE Stock Up 1.7 %

Shares of NYSE EVEX opened at $4.09 on Monday. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -8.52 and a beta of 0.53. EVE has a 12 month low of $2.33 and a 12 month high of $7.57. The stock has a 50-day moving average price of $3.33 and a two-hundred day moving average price of $3.48.

EVE (NYSE:EVEX) last announced its earnings results on Monday, November 4th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. During the same period in the prior year, the firm earned ($0.11) earnings per share. As a group, analysts forecast that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of EVE

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVEX. Vanguard Group Inc. raised its stake in EVE by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after purchasing an additional 34,484 shares during the period. Blair William & Co. IL bought a new stake in EVE in the 2nd quarter worth approximately $190,000. SG Americas Securities LLC bought a new stake in EVE in the 3rd quarter worth approximately $35,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in EVE in the 3rd quarter worth approximately $40,000. Finally, Charles Schwab Investment Management Inc. increased its stake in EVE by 63.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock worth $1,078,000 after acquiring an additional 129,300 shares during the last quarter. 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.