Vertical Aerospace Ltd. (NYSE:EVTL) Given Consensus Recommendation of “Hold” by Analysts

Vertical Aerospace Ltd. (NYSE:EVTL) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.4286.

EVTL has been the subject of a number of recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $11.00 price objective on shares of Vertical Aerospace in a research report on Monday, September 22nd. D. Boral Capital reissued a “buy” rating and set a $15.00 target price on shares of Vertical Aerospace in a research note on Thursday, September 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $9.00 target price on shares of Vertical Aerospace in a research note on Thursday, September 18th. Finally, Cantor Fitzgerald assumed coverage on shares of Vertical Aerospace in a research note on Friday, August 22nd. They set an “overweight” rating and a $8.00 target price for the company.

Vertical Aerospace Stock Down 3.5%

Shares of NYSE:EVTL opened at $4.83 on Monday. Vertical Aerospace has a fifty-two week low of $2.76 and a fifty-two week high of $15.99. The firm has a 50-day simple moving average of $5.24 and a 200 day simple moving average of $5.16. The company has a market cap of $475.41 million, a PE ratio of -0.10 and a beta of 1.25.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($2.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($1.92). As a group, research analysts forecast that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Watts Gwilliam & Co. LLC acquired a new position in Vertical Aerospace during the 2nd quarter valued at about $102,000. 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. Engineers Gate Manager LP acquired a new stake in shares of Vertical Aerospace in the 2nd quarter worth approximately $123,000. Jane Street Group LLC acquired a new stake in shares of Vertical Aerospace in the 2nd quarter worth approximately $833,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Vertical Aerospace in the 2nd quarter worth approximately $102,000. 81.17% of the stock is owned by institutional investors and hedge funds.

About Vertical Aerospace

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.