EVE (NYSE:EVEX – Get Free Report)‘s stock had its “overweight” rating reiterated by equities research analysts at Cantor Fitzgerald in a research note issued on Friday,Benzinga reports. They presently have a $5.00 price target on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 56.99% from the stock’s previous close.
A number of other equities analysts have also weighed in on EVEX. Canaccord Genuity Group boosted their price target on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of EVE in a research report on Wednesday. Finally, TD Cowen upgraded shares of EVE to a “hold” rating in a research report on Thursday, December 19th.
Check Out Our Latest Report on EVE
EVE Stock Down 2.9 %
EVE (NYSE:EVEX – Get Free Report) last released its earnings results on Friday, March 14th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. 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 bought and sold shares of the company. Summit Investment Advisors Inc. lifted its holdings in shares of EVE by 257.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock worth $29,000 after acquiring an additional 3,850 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of EVE by 118.0% in the 4th quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock worth $30,000 after acquiring an additional 3,001 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of EVE in the 4th quarter worth approximately $34,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in EVE during the 3rd quarter worth approximately $40,000. Finally, Franklin Resources Inc. acquired a new stake in EVE during the 3rd quarter worth approximately $53,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.
EVE Company Profile
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.
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