EVE (NYSE:EVEX) Upgraded at TD Cowen

TD Cowen upgraded shares of EVE (NYSE:EVEX) to a hold rating in a report issued on Thursday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Canaccord Genuity Group raised their price target on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price target on shares of EVE in a report on Tuesday, November 5th. Finally, HC Wainwright started coverage on EVE in a report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective on the stock.

EVE Trading Up 8.4 %

Shares of EVEX opened at $5.01 on Thursday. EVE has a 1-year low of $2.33 and a 1-year high of $7.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21. The firm has a 50 day simple moving average of $3.66 and a 200-day simple moving average of $3.42. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -10.44 and a beta of 0.53.

EVE (NYSE:EVEX) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same period last year, the firm earned ($0.11) earnings per share. Equities analysts forecast that EVE will post -0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On EVE

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in EVE by 65.4% during the third quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock worth $2,754,000 after acquiring an additional 336,133 shares during the last quarter. State Street Corp grew its holdings in shares of EVE by 3.8% during the 3rd quarter. State Street Corp now owns 378,123 shares of the company’s stock worth $1,225,000 after purchasing an additional 13,700 shares during the period. Charles Schwab Investment Management Inc. increased its position in EVE by 63.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock worth $1,078,000 after purchasing an additional 129,300 shares in the last quarter. Blair William & Co. IL purchased a new position in EVE in the second quarter valued at approximately $190,000. Finally, Barclays PLC lifted its position in EVE by 594.1% during the third quarter. Barclays PLC now owns 43,931 shares of the company’s stock valued at $141,000 after buying an additional 37,602 shares in the last quarter. 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.