D. Boral Capital Reiterates “Buy” Rating for Vertical Aerospace (NYSE:EVTL)

Vertical Aerospace (NYSE:EVTL)‘s stock had its “buy” rating reaffirmed by research analysts at D. Boral Capital in a research report issued on Wednesday,Benzinga reports. They presently have a $14.00 target price on the stock. D. Boral Capital’s target price suggests a potential upside of 113.74% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group restated a “buy” rating and set a $11.00 price objective on shares of Vertical Aerospace in a report on Monday, September 22nd. HC Wainwright reissued a “buy” rating and issued a $15.00 price target on shares of Vertical Aerospace in a report on Thursday, September 18th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Vertical Aerospace in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vertical Aerospace in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Vertical Aerospace from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

Vertical Aerospace Trading Up 14.7%

NYSE:EVTL opened at $6.55 on Wednesday. Vertical Aerospace has a 1-year low of $2.76 and a 1-year high of $15.99. The firm has a market capitalization of $645.37 million, a price-to-earnings ratio of -0.13 and a beta of 1.23. The business’s 50-day moving average price is $4.82 and its two-hundred day moving average price is $5.32.

Vertical Aerospace (NYSE:EVTL) last posted 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). Sell-side analysts predict that Vertical Aerospace will post -3.95 earnings per share for the current year.

Institutional Investors Weigh In On Vertical Aerospace

Large investors have recently bought and sold shares of the company. Connective Capital Management LLC bought a new position in Vertical Aerospace in the 3rd quarter valued at about $262,000. PharVision Advisers LLC bought a new position in Vertical Aerospace in the third quarter valued at approximately $294,000. Verition Fund Management LLC boosted its stake in shares of Vertical Aerospace by 1,190.8% in the 3rd quarter. Verition Fund Management LLC now owns 195,151 shares of the company’s stock valued at $1,013,000 after purchasing an additional 180,032 shares in the last quarter. Quarry LP bought a new position in Vertical Aerospace in the 3rd quarter valued at approximately $49,000. Finally, Millennium Management LLC grew its stake in shares of Vertical Aerospace by 293.4% during the third quarter. Millennium Management LLC now owns 1,787,790 shares of the company’s stock worth $9,279,000 after buying an additional 1,333,312 shares during the last quarter. 81.17% of the stock is currently 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.