Vertical Aerospace Ltd. (NYSE:EVTL) Receives Average Rating of “Moderate Buy” from Brokerages

Vertical Aerospace Ltd. (NYSE:EVTL) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $11.10.

EVTL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Canaccord Genuity Group decreased their price objective on shares of Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating for the company in a report on Friday, January 24th. HC Wainwright assumed coverage on shares of Vertical Aerospace in a report on Friday, February 7th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, D. Boral Capital initiated coverage on shares of Vertical Aerospace in a research report on Thursday. They set a “buy” rating and a $15.00 target price for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EVTL. Mudrick Capital Management L.P. lifted its position in shares of Vertical Aerospace by 11,735.9% in the 4th quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company’s stock worth $595,582,000 after acquiring an additional 46,943,585 shares during the period. Marshall Wace LLP acquired a new position in shares of Vertical Aerospace in the fourth quarter valued at $630,000. Jane Street Group LLC bought a new position in Vertical Aerospace in the fourth quarter worth $300,000. Bank of America Corp DE acquired a new stake in Vertical Aerospace during the fourth quarter worth $264,000. Finally, Renaissance Technologies LLC bought a new stake in Vertical Aerospace in the 4th quarter valued at $237,000. Institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Stock Down 1.0 %

EVTL stock traded down $0.04 during midday trading on Thursday, reaching $3.60. The company had a trading volume of 54,618 shares, compared to its average volume of 157,920. The company has a 50 day moving average of $5.03 and a two-hundred day moving average of $11.40. Vertical Aerospace has a 1 year low of $3.16 and a 1 year high of $15.99.

Vertical Aerospace (NYSE:EVTL) last posted its earnings results on Thursday, March 13th. The company reported ($46.25) EPS for the quarter, missing the consensus estimate of ($0.74) by ($45.51). On average, equities analysts anticipate that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

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.