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

Vertical Aerospace Ltd. (NYSE:EVTL) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $11.80.

A number of analysts have weighed in on EVTL shares. D. Boral Capital reiterated a “buy” rating and issued a $14.00 price target on shares of Vertical Aerospace in a research report on Wednesday, December 3rd. William Blair initiated coverage on shares of Vertical Aerospace in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vertical Aerospace in a report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target (up from $9.00) on shares of Vertical Aerospace in a report on Monday, December 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Vertical Aerospace in a research note on Monday, November 10th.

Vertical Aerospace Stock Down 5.2%

NYSE:EVTL opened at $5.74 on Wednesday. The firm has a market capitalization of $572.40 million, a PE ratio of -0.12 and a beta of 1.21. Vertical Aerospace has a 12-month low of $2.76 and a 12-month high of $10.64. The firm has a 50-day moving average price of $5.41 and a 200 day moving average price of $5.35.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.09). On average, research analysts expect that Vertical Aerospace will post -3.95 EPS for the current year.

Institutional Investors Weigh In On Vertical Aerospace

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

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.