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

Vertical Aerospace Ltd. (NYSE:EVTL) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $11.80.

A number of research firms have weighed in on EVTL. D. Boral Capital restated a “buy” rating and issued a $14.00 price target on shares of Vertical Aerospace in a report on Wednesday, December 3rd. Needham & Company LLC reissued a “buy” rating and set a $11.00 target price (up from $9.00) on shares of Vertical Aerospace in a research report on Monday, December 15th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Vertical Aerospace in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, January 21st. Finally, William Blair initiated coverage on shares of Vertical Aerospace in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company.

Hedge Funds Weigh In On Vertical Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in EVTL. SBI Securities Co. Ltd. grew its position in shares of Vertical Aerospace by 120.0% during the second quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company’s stock worth $26,000 after buying an additional 2,066 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Vertical Aerospace by 144.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock valued at $45,000 after acquiring an additional 4,850 shares during the last quarter. Quarry LP acquired a new position in Vertical Aerospace during the 3rd quarter worth $49,000. Oppenheimer & Co. Inc. bought a new stake in shares of Vertical Aerospace in the 3rd quarter worth about $52,000. Finally, Virtu Financial LLC bought a new stake in shares of Vertical Aerospace in the 3rd quarter worth about $53,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Vertical Aerospace Trading Up 0.8%

Shares of EVTL stock opened at $5.35 on Wednesday. The company has a market cap of $533.36 million, a PE ratio of -0.11 and a beta of 1.21. The company’s fifty day simple moving average is $5.56 and its 200-day simple moving average is $5.35. Vertical Aerospace has a 52 week low of $2.76 and a 52 week high of $7.60.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.09). Equities research analysts expect that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

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.