Vertical Aerospace (NYSE:EVTL) Receives “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Vertical Aerospace (NYSE:EVTL) in a report released on Thursday morning,Benzinga reports. The firm currently has a $15.00 target price on the stock.

A number of other analysts have also weighed in on EVTL. Cantor Fitzgerald initiated coverage on Vertical Aerospace in a research note on Friday, August 22nd. They issued an “overweight” rating and a $8.00 target price for the company. Canaccord Genuity Group lowered their target price on Vertical Aerospace from $13.50 to $11.00 and set a “buy” rating for the company in a research note on Monday, July 14th. Wall Street Zen lowered Vertical Aerospace from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. D. Boral Capital reiterated a “buy” rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research report on Thursday. Finally, Needham & Company LLC started coverage on Vertical Aerospace in a research report on Thursday, July 17th. They issued a “buy” rating and a $9.00 price objective for the company. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average 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. The stock has a fifty day moving average price of $5.41 and a two-hundred day moving average price of $4.90. Vertical Aerospace has a 52-week low of $2.76 and a 52-week high of $15.99. The firm has a market capitalization of $509.40 million, a P/E ratio of -0.10 and a beta of 1.24.

Vertical Aerospace (NYSE:EVTL) last announced its earnings results on Tuesday, August 5th. The company reported ($2.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($1.92). On average, equities research analysts predict that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Vertical Aerospace

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Vertical Aerospace in the 4th quarter valued at approximately $300,000. Bank of America Corp DE acquired a new stake in Vertical Aerospace in the 4th quarter valued at approximately $264,000. XTX Topco Ltd acquired a new stake in Vertical Aerospace in the 1st quarter valued at approximately $131,000. Inherent Management Corp. acquired a new stake in Vertical Aerospace in the 1st quarter valued at approximately $1,109,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Vertical Aerospace in the 1st quarter valued at approximately $102,000. Institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Company Profile

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.