Vertical Aerospace Ltd. (NYSE:EVTL) Given Average Recommendation of “Moderate Buy” by Brokerages

Vertical Aerospace Ltd. (NYSE:EVTL) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $11.80.

Several equities analysts have commented on EVTL shares. Cantor Fitzgerald reiterated an “overweight” rating on shares of Vertical Aerospace in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Vertical Aerospace in a report on Wednesday, January 21st. D. Boral Capital reiterated a “buy” rating and set a $14.00 price target on shares of Vertical Aerospace in a research note on Wednesday, December 3rd. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target (up from $9.00) on shares of Vertical Aerospace in a research report on Monday, December 15th. Finally, William Blair initiated coverage on Vertical Aerospace in a report on Wednesday, January 7th. They set an “outperform” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EVTL. Squarepoint Ops LLC lifted its stake in shares of Vertical Aerospace by 429.6% in the 2nd quarter. Squarepoint Ops LLC now owns 140,018 shares of the company’s stock worth $948,000 after acquiring an additional 113,580 shares during the period. Rathbones Group PLC acquired a new stake in shares of Vertical Aerospace during the second quarter worth $356,000. CreativeOne Wealth LLC purchased a new position in Vertical Aerospace during the second quarter worth approximately $91,000. SBI Securities Co. Ltd. grew its holdings in shares of 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 during the period. Finally, Cornerstone Capital Inc. purchased a new stake in shares of Vertical Aerospace during the 3rd quarter valued at about $140,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Vertical Aerospace Stock Performance

NYSE:EVTL opened at $4.39 on Friday. Vertical Aerospace has a 1 year low of $2.76 and a 1 year high of $7.60. The stock has a market cap of $437.58 million, a P/E ratio of -0.09 and a beta of 1.22. The stock has a 50-day simple moving average of $5.51 and a 200-day simple moving average of $5.20.

About Vertical Aerospace

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.