EVE (NYSE:EVEX) Stock Rating Upgraded by TD Cowen

EVE (NYSE:EVEX) was upgraded by equities researchers at TD Cowen to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

EVEX has been the subject of a number of other research reports. Canaccord Genuity Group raised their target price on EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. HC Wainwright started coverage on EVE in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 price objective for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 target price on shares of EVE in a report on Tuesday, November 5th.

EVE Price Performance

Shares of EVEX stock opened at $5.01 on Thursday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -10.44 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. The stock’s 50-day simple moving average is $3.66 and its 200-day simple moving average is $3.43. EVE has a fifty-two week low of $2.33 and a fifty-two week high of $7.57.

EVE (NYSE:EVEX) last released its earnings results on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. During the same quarter in the previous year, the company posted ($0.11) EPS. As a group, equities analysts forecast that EVE will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EVE

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of EVE in the 3rd quarter valued at $35,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in EVE in the third quarter valued at $40,000. State Street Corp raised its position in shares of EVE by 3.8% in the third quarter. State Street Corp now owns 378,123 shares of the company’s stock worth $1,225,000 after acquiring an additional 13,700 shares during the period. Franklin Resources Inc. purchased a new stake in shares of EVE during the 3rd quarter worth about $53,000. Finally, Readystate Asset Management LP acquired a new stake in shares of EVE during the 3rd quarter valued at about $83,000. Institutional investors and hedge funds 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.