Vertical Aerospace (NYSE:EVTL) Receives “Buy” Rating from D. Boral Capital

D. Boral Capital restated their buy rating on shares of Vertical Aerospace (NYSE:EVTL) in a research note released on Thursday,Benzinga reports. The firm currently has a $15.00 price objective on the stock.

A number of other research analysts have also weighed in on EVTL. Needham & Company LLC started coverage on Vertical Aerospace in a research report on Thursday, July 17th. They set a “buy” rating and a $9.00 price objective for the company. Canaccord Genuity Group cut their price target on Vertical Aerospace from $13.50 to $11.00 and set a “buy” rating for the company in a report on Monday, July 14th. Cantor Fitzgerald initiated coverage on Vertical Aerospace in a research note on Friday, August 22nd. They issued an “overweight” rating and a $8.00 price objective on the stock. Wall Street Zen downgraded Vertical Aerospace from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, HC Wainwright reissued a “buy” rating and issued a $15.00 target price (up from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.43.

Vertical Aerospace Price Performance

Vertical Aerospace stock opened at $5.17 on Thursday. Vertical Aerospace has a 1 year low of $2.76 and a 1 year high of $15.99. The firm’s 50 day moving average price is $5.41 and its 200-day moving average price is $4.90. The stock has a market cap of $509.40 million, a P/E ratio of -0.10 and a beta of 1.24.

Vertical Aerospace (NYSE:EVTL) last posted its earnings results on Tuesday, August 5th. The company reported ($2.35) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($1.92). As a group, equities analysts expect that Vertical Aerospace will post -3.95 EPS for the current year.

Institutional Trading of Vertical Aerospace

Several institutional investors have recently added to or reduced their stakes in EVTL. Squarepoint Ops LLC boosted its position in shares of Vertical Aerospace by 429.6% during the second quarter. Squarepoint Ops LLC now owns 140,018 shares of the company’s stock valued at $948,000 after buying an additional 113,580 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Vertical Aerospace during the 2nd quarter worth approximately $123,000. Jane Street Group LLC purchased a new position in Vertical Aerospace during the 2nd quarter valued at $833,000. Raymond James Financial Inc. purchased a new position in Vertical Aerospace during the 2nd quarter valued at $102,000. Finally, Jump Financial LLC bought a new position in Vertical Aerospace in the 2nd quarter valued at $91,000. Institutional investors own 81.17% of the company’s stock.

About Vertical Aerospace

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.