EVE (NYSE:EVEX) PT Lowered to $8.50 at Canaccord Genuity Group

EVE (NYSE:EVEX) had its price objective cut by Canaccord Genuity Group from $9.00 to $8.50 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Separately, Cantor Fitzgerald restated a neutral rating and set a $7.00 price objective on shares of EVE in a research note on Monday, July 1st.

EVE Price Performance

Shares of NYSE EVEX opened at $3.35 on Tuesday. EVE has a twelve month low of $3.15 and a twelve month high of $10.74. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $902.39 million, a price-to-earnings ratio of -7.44 and a beta of 0.37. The business has a 50 day simple moving average of $4.77 and a 200-day simple moving average of $5.61.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EVE stock. Strs Ohio grew its holdings in shares of Eve Holding, Inc. (NYSE:EVEX) by 3,883.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,800 shares of the company’s stock after acquiring an additional 46,600 shares during the quarter. Strs Ohio’s holdings in EVE were worth $349,000 as of its most recent SEC filing. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.