Vertical Aerospace Ltd. (NYSE:EVTL) Receives $11.70 Average PT from Analysts

Vertical Aerospace Ltd. (NYSE:EVTL) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $11.70.

Several brokerages have recently issued reports on EVTL. D. Boral Capital began coverage on Vertical Aerospace in a research note on Thursday, March 27th. They issued a “buy” rating and a $15.00 price objective for the company. HC Wainwright restated a “buy” rating and issued a $15.00 price objective (up from $12.00) on shares of Vertical Aerospace in a research note on Monday, June 9th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EVTL. Mudrick Capital Management L.P. grew its holdings in Vertical Aerospace by 11,735.9% in the fourth quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company’s stock valued at $595,582,000 after purchasing an additional 46,943,585 shares during the period. Jane Street Group LLC acquired a new stake in Vertical Aerospace in the fourth quarter valued at approximately $300,000. Renaissance Technologies LLC acquired a new stake in Vertical Aerospace in the fourth quarter valued at approximately $237,000. Bank of America Corp DE acquired a new stake in Vertical Aerospace in the fourth quarter valued at approximately $264,000. Finally, Connective Capital Management LLC acquired a new stake in Vertical Aerospace in the fourth quarter valued at approximately $189,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Vertical Aerospace Trading Down 30.2%

Vertical Aerospace stock opened at $4.85 on Friday. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99. The stock has a 50-day moving average of $5.51 and a two-hundred day moving average of $5.57.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $4.84. As a group, sell-side analysts forecast that Vertical Aerospace will post -3.95 earnings per share for the current year.

Vertical Aerospace Company Profile

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.