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

EVE (NYSE:EVEXGet Free Report)‘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.

Check Out Our Latest Analysis on EVEX

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:EVEXGet Free Report) 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:EVEXFree Report) 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

(Get Free Report)

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.

Further Reading

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