TD Cowen Upgrades EVE (NYSE:EVEX) to “Hold”

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

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

EVE Stock Down 0.6 %

NYSE EVEX opened at $4.62 on Thursday. The stock has a 50 day moving average price of $3.63 and a 200-day moving average price of $3.43. EVE has a one year low of $2.33 and a one year high of $7.57. The company has a market capitalization of $1.38 billion, a P/E ratio of -9.62 and a beta of 0.53. 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 (NYSE:EVEX) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. As a group, equities analysts predict that EVE will post -0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

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