EVE (NYSE:EVEX) Stock Price Expected to Rise, HC Wainwright Analyst Says

EVE (NYSE:EVEX) had its target price lifted by research analysts at HC Wainwright from $6.00 to $8.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective would indicate a potential upside of 45.53% from the company’s current price.

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price objective on shares of EVE in a research note on Friday, March 14th.

EVE Stock Down 2.7%

NYSE:EVEX opened at $5.50 on Monday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -11.45 and a beta of 0.77. EVE has a twelve month low of $2.33 and a twelve month high of $6.09. The stock’s 50 day moving average price is $4.14 and its two-hundred day moving average price is $4.32. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42.

EVE (NYSE:EVEX) last issued its earnings results on Monday, May 12th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). Equities research analysts expect that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EVEX. American Century Companies Inc. increased its holdings in shares of EVE by 1,292.4% in the first quarter. American Century Companies Inc. now owns 379,694 shares of the company’s stock valued at $1,261,000 after purchasing an additional 352,424 shares during the last quarter. Geode Capital Management LLC grew its stake in EVE by 29.0% in the 4th quarter. Geode Capital Management LLC now owns 1,096,885 shares of the company’s stock valued at $5,969,000 after buying an additional 246,863 shares during the last quarter. Northern Trust Corp grew its stake in EVE by 89.7% in the 4th quarter. Northern Trust Corp now owns 420,000 shares of the company’s stock valued at $2,285,000 after buying an additional 198,627 shares during the last quarter. JPMorgan Chase & Co. grew its stake in EVE by 380.2% in the 4th quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company’s stock valued at $1,014,000 after buying an additional 147,632 shares during the last quarter. Finally, Swiss National Bank acquired a new position in EVE in the 1st quarter valued at about $383,000. 1.27% of the stock is owned by institutional investors and hedge funds.

About EVE

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.