HC Wainwright Reiterates “Buy” Rating for EVE (NYSE:EVEX)

EVE (NYSE:EVEX)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $6.00 price target on the stock. HC Wainwright’s price objective would indicate a potential upside of 82.65% from the company’s current price.

Other research analysts have also issued reports about the company. TD Cowen upgraded EVE to a “hold” rating in a research report on Thursday, December 19th. Canaccord Genuity Group raised 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.

EVE Trading Down 3.1 %

NYSE EVEX opened at $3.29 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21. The stock has a market capitalization of $977.76 million, a P/E ratio of -6.84 and a beta of 0.45. The firm’s 50-day moving average is $4.58 and its two-hundred day moving average is $3.92. EVE has a 12 month low of $2.33 and a 12 month high of $6.09.

EVE (NYSE:EVEX) last posted its quarterly earnings data on Friday, March 14th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. On average, sell-side analysts anticipate that EVE will post -0.5 earnings per share for the current year.

Hedge Funds Weigh In On EVE

Several institutional investors have recently modified their holdings of the business. Summit Investment Advisors Inc. raised its stake in shares of EVE by 257.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock valued at $29,000 after acquiring an additional 3,850 shares in the last quarter. Legal & General Group Plc increased its holdings in EVE by 118.0% during the 4th quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock worth $30,000 after purchasing an additional 3,001 shares during the period. BNP Paribas Financial Markets acquired a new stake in EVE in the 4th quarter valued at about $34,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of EVE in the 3rd quarter valued at about $40,000. Finally, Franklin Resources Inc. acquired a new position in shares of EVE during the third quarter worth about $53,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.