Cantor Fitzgerald Reaffirms “Overweight” Rating for EVE (NYSE:EVEX)

Cantor Fitzgerald restated their overweight rating on shares of EVE (NYSE:EVEX) in a research report report published on Monday, Benzinga reports. The brokerage currently has a $5.00 price target on the stock.

EVEX has been the subject of several other research reports. Canaccord Genuity Group reduced their price target on shares of EVE from $9.00 to $8.50 and set a buy rating for the company in a report on Tuesday, July 2nd. HC Wainwright began coverage on shares of EVE in a research note on Tuesday, September 3rd. They set a buy rating and a $6.00 target price for the company.

EVE Price Performance

Shares of NYSE:EVEX opened at $3.19 on Monday. The company has a market cap of $925.55 million, a PE ratio of -7.09 and a beta of 0.35. EVE has a fifty-two week low of $2.33 and a fifty-two week high of $8.72. The firm has a 50-day simple moving average of $2.88 and a 200 day simple moving average of $4.16. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.50.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). On average, sell-side analysts anticipate that EVE will post -0.49 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EVE stock. Vanguard Group Inc. boosted its stake in Eve Holding, Inc. (NYSE:EVEX) by 7.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 517,707 shares of the company’s stock after buying an additional 34,484 shares during the period. Vanguard Group Inc. owned 0.19% of EVE worth $2,796,000 at the end of the most recent quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

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.