EVE’s (EVEX) Overweight Rating Reiterated at Cantor Fitzgerald

EVE (NYSE:EVEX)‘s stock had its “overweight” rating restated by research analysts at Cantor Fitzgerald in a research note issued to investors on Monday, Benzinga reports. They currently have a $5.00 target price on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 66.11% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on EVEX. Canaccord Genuity Group lowered their target price on EVE from $9.00 to $8.50 and set a “buy” rating for the company in a report on Tuesday, July 2nd. HC Wainwright initiated coverage on EVE in a report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price target on the stock.

EVE Stock Performance

Shares of NYSE:EVEX opened at $3.01 on Monday. The company’s 50 day simple moving average is $2.88 and its 200 day simple moving average is $4.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.87 and a quick ratio of 3.87. EVE has a 1 year low of $2.33 and a 1 year high of $8.63. The stock has a market capitalization of $873.32 million, a price-to-earnings ratio of -6.69 and a beta of 0.35.

EVE (NYSE:EVEX) last posted its earnings results on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13). As a group, research analysts predict that EVE will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in EVE stock. Blair William & Co. IL purchased a new position in shares of Eve Holding, Inc. (NYSE:EVEX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 47,017 shares of the company’s stock, valued at approximately $190,000. 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.