EVE (NYSE:EVEX) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of EVE (NYSE:EVEX) in a research note released on Friday,Benzinga reports. Cantor Fitzgerald currently has a $5.00 price objective on the stock.

Other analysts also recently issued reports about the company. Canaccord Genuity Group raised their target price on EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. TD Cowen raised EVE to a “hold” rating in a research report on Thursday, December 19th. Finally, HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of EVE in a research report on Wednesday.

EVE Stock Performance

Shares of EVE stock opened at $3.19 on Friday. The business’s fifty day simple moving average is $4.54 and its 200 day simple moving average is $3.91. The firm has a market capitalization of $948.00 million, a P/E ratio of -6.64 and a beta of 0.45. EVE has a 12 month low of $2.33 and a 12 month high of $6.09. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Friday, March 14th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. As a group, analysts anticipate that EVE will post -0.5 EPS for the current year.

Hedge Funds Weigh In On EVE

Several hedge funds have recently made changes to their positions in EVEX. Summit Investment Advisors Inc. grew its position in shares of EVE by 257.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock valued at $29,000 after purchasing an additional 3,850 shares in the last quarter. Legal & General Group Plc grew its position in shares of EVE by 118.0% in the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock valued at $30,000 after purchasing an additional 3,001 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of EVE in the fourth quarter valued at $34,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of EVE in the third quarter valued at $40,000. Finally, Franklin Resources Inc. purchased a new position in shares of EVE in the third quarter valued at $53,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.