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

EVE (NYSE:EVEX)‘s stock had its “overweight” rating reissued by Cantor Fitzgerald in a research note issued to investors on Friday,Benzinga reports. They presently have a $5.00 price target on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 50.60% from the stock’s previous close.

EVEX has been the topic of several other reports. Canaccord Genuity Group lifted their target price on EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of EVE in a report on Wednesday. Finally, TD Cowen upgraded shares of EVE to a “hold” rating in a report on Thursday, December 19th.

EVE Trading Up 1.2 %

EVE stock traded up $0.04 during trading hours on Friday, reaching $3.32. 14,434 shares of the company’s stock traded hands, compared to its average volume of 215,649. The firm has a market capitalization of $988.18 million, a price-to-earnings ratio of -6.92 and a beta of 0.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21. EVE has a fifty-two week low of $2.33 and a fifty-two week high of $6.09. The firm’s 50 day moving average is $4.54 and its 200-day moving average is $3.91.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. On average, analysts predict that EVE will post -0.5 earnings per share for the current year.

Institutional Investors Weigh In On EVE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVEX. Summit Investment Advisors Inc. grew its stake in EVE by 257.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock valued at $29,000 after buying an additional 3,850 shares during the last quarter. Legal & General Group Plc lifted its position in shares of EVE by 118.0% during the 4th quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock valued at $30,000 after acquiring an additional 3,001 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of EVE during the 4th quarter worth $34,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in EVE in the third quarter valued at about $40,000. Finally, Franklin Resources Inc. acquired a new stake in EVE during the third quarter worth about $53,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

EVE Company Profile

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.