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

Cantor Fitzgerald reiterated their overweight rating on shares of EVE (NYSE:EVEX) in a research report released on Tuesday, Benzinga reports. The brokerage currently has a $5.00 price objective on the stock.

Separately, HC Wainwright began coverage on EVE in a report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 target price on the stock.

EVE Stock Performance

Shares of EVEX stock opened at $2.68 on Tuesday. The stock’s fifty day simple moving average is $3.09 and its 200 day simple moving average is $3.74. EVE has a twelve month low of $2.33 and a twelve month high of $7.67. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.87 and a current ratio of 3.87.

EVE (NYSE:EVEX) last posted its earnings results on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same quarter in the prior year, the business earned ($0.11) EPS. On average, sell-side analysts predict that EVE will post -0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EVE

Several hedge funds and other institutional investors have recently bought and sold shares of EVEX. Vanguard Group Inc. grew its stake in EVE by 7.1% during the first quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock worth $2,796,000 after purchasing an additional 34,484 shares during the period. Blair William & Co. IL bought a new position in EVE in the second quarter worth approximately $190,000. Finally, SG Americas Securities LLC bought a new position in shares of EVE in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.