EVE (NYSE:EVEX) Receives “Neutral” Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of EVE (NYSE:EVEX) in a research note published on Monday, Benzinga reports. They currently have a $7.00 price objective on the stock.

Separately, Canaccord Genuity Group cut their target price on EVE from $9.00 to $8.50 and set a buy rating on the stock in a research note on Tuesday, July 2nd.

EVE Trading Down 3.3 %

Shares of EVEX opened at $3.27 on Monday. EVE has a twelve month low of $3.15 and a twelve month high of $9.64. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average price is $4.33 and its two-hundred day moving average price is $5.27.

EVE (NYSE:EVEX) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter. As a group, research analysts forecast that EVE will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On EVE

An institutional investor recently raised its position in EVE stock. Strs Ohio increased its stake in shares of Eve Holding, Inc. (NYSE:EVEX) by 3,883.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,800 shares of the company’s stock after acquiring an additional 46,600 shares during the period. Strs Ohio’s holdings in EVE were worth $349,000 as of its most recent filing with the SEC. 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.