EVE (NYSE:EVEX) Upgraded to Hold at TD Cowen

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

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

EVE Stock Performance

EVEX stock opened at $4.62 on Thursday. The stock has a market capitalization of $1.38 billion, a PE ratio of -9.62 and a beta of 0.53. The stock’s 50 day simple moving average is $3.63 and its 200 day simple moving average is $3.43. EVE has a 12-month low of $2.33 and a 12-month high of $7.57. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42.

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

Institutional Investors Weigh In On EVE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of EVE during the third quarter worth about $35,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of EVE during the third quarter valued at approximately $40,000. Franklin Resources Inc. purchased a new position in shares of EVE in the third quarter worth $53,000. Readystate Asset Management LP purchased a new position in shares of EVE in the third quarter worth $83,000. Finally, Barclays PLC boosted 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 last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.