Vertical Aerospace’s (EVTL) Buy Rating Reiterated at D. Boral Capital

D. Boral Capital restated their buy rating on shares of Vertical Aerospace (NYSE:EVTL) in a report released on Thursday,Benzinga reports. D. Boral Capital currently has a $12.00 price target on the stock.

A number of other analysts have also recently commented on EVTL. Raymond James Financial cut shares of Vertical Aerospace from a “market perform” rating to an “underperform” rating in a research report on Monday, February 23rd. Canaccord Genuity Group lowered their price objective on Vertical Aerospace from $11.00 to $9.50 and set a “buy” rating for the company in a research report on Thursday, March 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, January 21st. Finally, William Blair assumed coverage on Vertical Aerospace in a research report on Wednesday, January 7th. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.10.

Vertical Aerospace Stock Performance

Shares of NYSE EVTL opened at $3.00 on Thursday. The company has a market capitalization of $306.48 million, a P/E ratio of -0.98 and a beta of 1.46. Vertical Aerospace has a 52-week low of $1.90 and a 52-week high of $7.60. The company’s 50 day moving average price is $3.50 and its 200-day moving average price is $4.61.

Vertical Aerospace (NYSE:EVTL) last posted its quarterly earnings data on Wednesday, March 25th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). Analysts forecast that Vertical Aerospace will post -3.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EFG International AG bought a new stake in Vertical Aerospace in the fourth quarter valued at $27,000. Barclays PLC boosted its position in shares of Vertical Aerospace by 156.0% during the 4th quarter. Barclays PLC now owns 6,843 shares of the company’s stock worth $36,000 after purchasing an additional 4,170 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of 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 buying an additional 4,850 shares during the period. Quarry LP acquired a new stake in shares of Vertical Aerospace in the 3rd quarter valued at about $49,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Vertical Aerospace in the 3rd quarter valued at about $52,000. 81.17% of the stock is 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.