Vertical Aerospace Ltd. (NYSE:EVTL) Given Average Recommendation of “Moderate Buy” by Brokerages

Vertical Aerospace Ltd. (NYSE:EVTL) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.8333.

A number of equities research analysts recently issued reports on EVTL shares. Wall Street Zen lowered shares of Vertical Aerospace from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Canaccord Genuity Group reissued a “buy” rating and issued a $11.00 price target on shares of Vertical Aerospace in a research note on Monday, September 22nd. D. Boral Capital restated a “buy” rating and set a $15.00 price target on shares of Vertical Aerospace in a report on Thursday, September 18th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price objective on shares of Vertical Aerospace in a report on Thursday, September 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Vertical Aerospace in a research report on Monday, November 10th.

Vertical Aerospace Stock Performance

NYSE:EVTL opened at $4.52 on Tuesday. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99. The stock has a market cap of $444.86 million, a PE ratio of -0.09 and a beta of 1.23. The stock has a 50 day moving average price of $4.83 and a 200 day moving average price of $5.32.

Vertical Aerospace (NYSE:EVTL) last issued its 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). As a group, analysts predict that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Institutional Trading of Vertical Aerospace

A number of hedge funds and other institutional investors have recently modified their holdings of EVTL. SBI Securities Co. Ltd. raised its holdings in shares of Vertical Aerospace by 120.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company’s stock valued at $26,000 after buying an additional 2,066 shares during the period. Jones Financial Companies Lllp increased its stake in Vertical Aerospace by 144.3% during the third quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock worth $45,000 after purchasing an additional 4,850 shares during the period. Quarry LP purchased a new stake in Vertical Aerospace during the third quarter worth about $49,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Vertical Aerospace during the third quarter worth about $52,000. Finally, Virtu Financial LLC purchased a new position in shares of Vertical Aerospace in the third quarter valued at approximately $53,000. 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.