EVE (NYSE:EVEX) PT Lowered to $8.50

EVE (NYSE:EVEX) had its price target lowered by Canaccord Genuity Group from $9.00 to $8.50 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has 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 report on Monday.

EVE Stock Down 1.8 %

Shares of EVEX opened at $3.19 on Tuesday. The business’s 50 day moving average is $4.81 and its 200 day moving average is $5.63. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.28. EVE has a 12-month low of $3.15 and a 12-month high of $10.74. The company has a market capitalization of $859.29 million, a PE ratio of -7.09 and a beta of 0.37.

EVE (NYSE:EVEX) last issued its earnings results on Tuesday, May 7th. The company reported ($0.09) earnings per share for the quarter. Research analysts expect that EVE will post -0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EVE stock. Vanguard Group Inc. boosted its holdings in shares of Eve Holding, Inc. (NYSE:EVEX) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 517,707 shares of the company’s stock after purchasing an additional 34,484 shares during the quarter. Vanguard Group Inc. owned about 0.19% of EVE worth $2,796,000 as of its most recent SEC filing. 1.27% of the stock is currently 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.