EVE (NYSE:EVEX) Earns “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of EVE (NYSE:EVEX) in a research report report published on Tuesday morning, Benzinga reports. They currently have a $5.00 price objective on the stock.

Several other brokerages also recently issued reports on EVEX. Canaccord Genuity Group reduced their price objective on shares of EVE from $9.00 to $8.50 and set a buy rating on the stock in a research note on Tuesday, July 2nd. HC Wainwright began coverage on EVE in a report on Tuesday. They issued a buy rating and a $6.00 price target for the company.

EVE Stock Up 2.6 %

EVEX opened at $2.78 on Tuesday. 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 12 month low of $2.33 and a 12 month high of $9.18. The stock has a market capitalization of $806.59 million, a P/E ratio of -6.18 and a beta of 0.35. The business has a 50 day simple moving average of $3.06 and a 200-day simple moving average of $4.44.

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

Hedge Funds Weigh In On EVE

A hedge fund recently bought a new stake in EVE stock. Blair William & Co. IL purchased a new stake in Eve Holding, Inc. (NYSE:EVEX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47,017 shares of the company’s stock, valued at approximately $190,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

EVE Company Profile

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.