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

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.80.

EVTL has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vertical Aerospace in a report on Wednesday, October 8th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective (up previously from $9.00) on shares of Vertical Aerospace in a research note on Monday, December 15th. D. Boral Capital reaffirmed a “buy” rating and issued a $14.00 price target on shares of Vertical Aerospace in a research note on Wednesday, December 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $11.00 price target on shares of Vertical Aerospace in a research report on Monday, September 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Vertical Aerospace in a research note on Monday, November 10th.

Institutional Investors Weigh In On Vertical Aerospace

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its position in Vertical Aerospace by 120.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company’s stock worth $26,000 after purchasing an additional 2,066 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Vertical Aerospace by 144.3% during the third quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock worth $45,000 after buying an additional 4,850 shares in the last quarter. Quarry LP acquired a new position in shares of Vertical Aerospace during the third quarter worth $49,000. Oppenheimer & Co. Inc. bought a new position in shares of Vertical Aerospace in the 3rd quarter valued at $52,000. Finally, Virtu Financial LLC acquired a new stake in shares of Vertical Aerospace during the 3rd quarter valued at $53,000. 81.17% of the stock is owned by institutional investors.

Vertical Aerospace Price Performance

EVTL stock opened at $5.48 on Friday. Vertical Aerospace has a fifty-two week low of $2.76 and a fifty-two week high of $15.99. The stock has a market capitalization of $539.45 million, a price-to-earnings ratio of -0.11 and a beta of 1.23. The business’s fifty day moving average price is $4.92 and its two-hundred day moving average price is $5.37.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). Research analysts expect that Vertical Aerospace will post -3.95 EPS for the current year.

Vertical Aerospace Company Profile

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace’s mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company’s flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.