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

Vertical Aerospace Ltd. (NYSE:EVTL) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.80.

A number of research firms recently commented on EVTL. Raymond James Financial cut Vertical Aerospace from a “market perform” rating to an “underperform” rating in a report on Monday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price (up from $9.00) on shares of Vertical Aerospace in a research report on Monday, December 15th. William Blair initiated coverage on shares of Vertical Aerospace in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Vertical Aerospace in a research report on Wednesday, January 21st. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $14.00 target price on shares of Vertical Aerospace in a research report on Wednesday, December 3rd.

Hedge Funds Weigh In On Vertical Aerospace

Large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. increased its position in shares of Vertical Aerospace by 120.0% during the second 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. EFG International AG purchased a new position in shares of Vertical Aerospace during the fourth quarter worth approximately $27,000. Barclays PLC increased its holdings in shares of Vertical Aerospace by 156.0% in the 4th quarter. Barclays PLC now owns 6,843 shares of the company’s stock valued at $36,000 after acquiring an additional 4,170 shares during the period. Jones Financial Companies Lllp raised its position in Vertical Aerospace by 144.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock valued at $45,000 after purchasing an additional 4,850 shares during the last quarter. Finally, Quarry LP purchased a new stake in Vertical Aerospace in the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Price Performance

EVTL stock opened at $4.03 on Thursday. Vertical Aerospace has a 1 year low of $2.76 and a 1 year high of $7.60. The firm has a market capitalization of $401.65 million, a PE ratio of -0.08 and a beta of 1.23. The business has a 50 day simple moving average of $4.98 and a 200-day simple moving average of $5.05.

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.