Vertical Aerospace Ltd. (NYSE:EVTL) Receives Average Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Vertical Aerospace Ltd. (NYSE:EVTL – Get Free Report) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.10.

Several equities analysts have recently weighed in on EVTL shares. HC Wainwright started coverage on Vertical Aerospace in a research report on Friday, February 7th. They issued a “buy” rating and a $12.00 target price on the stock. Canaccord Genuity Group decreased their price objective on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, D. Boral Capital began coverage on shares of Vertical Aerospace in a report on Thursday, March 27th. They set a “buy” rating and a $15.00 target price for the company.

Check Out Our Latest Report on Vertical Aerospace

Vertical Aerospace Price Performance

Shares of NYSE EVTL opened at $3.86 on Monday. The firm has a fifty day moving average of $3.76 and a 200 day moving average of $5.92. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99.

Vertical Aerospace (NYSE:EVTL – Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($45.51). As a group, equities research analysts forecast that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Institutional Trading of Vertical Aerospace

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Connective Capital Management LLC acquired a new position in shares of Vertical Aerospace during the 4th quarter valued at about $189,000. Bank of America Corp DE purchased a new position in Vertical Aerospace during the fourth quarter worth about $264,000. Jane Street Group LLC acquired a new position in Vertical Aerospace in the 4th quarter valued at about $300,000. Marshall Wace LLP purchased a new stake in shares of Vertical Aerospace in the 4th quarter valued at approximately $630,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Vertical Aerospace during the 4th quarter worth approximately $237,000. 81.17% of the stock is owned by institutional investors and hedge funds.

About Vertical Aerospace

(Get Free Report

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.

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