Vertical Aerospace (NYSE:EVTL) Receives Buy Rating from D. Boral Capital

D. Boral Capital reaffirmed their buy rating on shares of Vertical Aerospace (NYSE:EVTLFree Report) in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a $12.00 target price on the stock.

EVTL has been the topic of several other reports. Raymond James Financial downgraded Vertical Aerospace from a “market perform” rating to an “underperform” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, January 21st. William Blair assumed coverage on Vertical Aerospace in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $11.00 price target (up from $9.00) on shares of Vertical Aerospace in a research note on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.40.

Read Our Latest Report on Vertical Aerospace

Vertical Aerospace Price Performance

Shares of EVTL stock opened at $2.85 on Tuesday. Vertical Aerospace has a one year low of $2.76 and a one year high of $7.60. The company’s fifty day moving average price is $4.53 and its 200-day moving average price is $4.98. The company has a market capitalization of $284.80 million, a price-to-earnings ratio of -0.06 and a beta of 1.23.

Vertical Aerospace (NYSE:EVTLGet Free Report) last issued its earnings results on Tuesday, March 24th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.01). Equities research analysts expect that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EVTL. J. Derek Lewis & Associates Inc. purchased a new position in shares of Vertical Aerospace during the fourth quarter valued at about $123,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Vertical Aerospace by 446.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 16,678 shares of the company’s stock worth $89,000 after buying an additional 13,624 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Vertical Aerospace by 250.5% in the fourth quarter. Virtu Financial LLC now owns 35,768 shares of the company’s stock worth $191,000 after buying an additional 25,562 shares in the last quarter. Connective Capital Management LLC boosted its stake in Vertical Aerospace by 302.5% during the fourth quarter. Connective Capital Management LLC now owns 203,408 shares of the company’s stock valued at $1,084,000 after buying an additional 152,873 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in Vertical Aerospace by 19.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 198,864 shares of the company’s stock valued at $1,060,000 after buying an additional 32,329 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Key Vertical Aerospace News

Here are the key news stories impacting Vertical Aerospace this week:

About Vertical Aerospace

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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.

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