EVE (NYSE:EVEX) Upgraded at TD Cowen

TD Cowen upgraded shares of EVE (NYSE:EVEX) to a hold rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. 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. HC Wainwright initiated coverage on shares of EVE in a report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 target price on the stock. Finally, Canaccord Genuity Group increased their price target on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 2nd.

EVE Price Performance

Shares of NYSE:EVEX opened at $5.01 on Thursday. EVE has a one year low of $2.33 and a one year high of $7.57. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -10.44 and a beta of 0.53. The company has a 50-day simple moving average of $3.66 and a 200-day simple moving average of $3.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21.

EVE (NYSE:EVEX) last posted its quarterly earnings data 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 previous year, the company earned ($0.11) EPS. On average, analysts predict that EVE will post -0.5 EPS for the current year.

Hedge Funds Weigh In On EVE

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in EVE during the third quarter worth about $35,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of EVE during the 3rd quarter valued at approximately $40,000. State Street Corp boosted its stake in shares of EVE by 3.8% during the 3rd quarter. State Street Corp now owns 378,123 shares of the company’s stock worth $1,225,000 after acquiring an additional 13,700 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of EVE in the 3rd quarter worth approximately $53,000. Finally, Readystate Asset Management LP purchased a new position in EVE in the 3rd quarter valued at approximately $83,000. 1.27% of the stock is owned by institutional investors and hedge funds.

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.