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

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.80.

Several equities analysts have recently issued reports on EVTL shares. HC Wainwright reaffirmed a “buy” rating and set a $15.00 price target on shares of Vertical Aerospace in a research note on Thursday, September 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $11.00 target price on shares of Vertical Aerospace in a report on Monday, September 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target (up previously from $9.00) on shares of Vertical Aerospace in a research report on Monday, December 15th. Cantor Fitzgerald restated an “overweight” rating on shares of Vertical Aerospace in a research report on Monday, November 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Vertical Aerospace in a report on Wednesday, October 8th.

Vertical Aerospace Trading Down 0.3%

NYSE:EVTL opened at $5.48 on Friday. The stock’s 50-day moving average is $4.92 and its 200-day moving average is $5.37. Vertical Aerospace has a 1-year low of $2.76 and a 1-year high of $15.99. The stock has a market cap of $539.45 million, a P/E ratio of -0.11 and a beta of 1.23.

Vertical Aerospace (NYSE:EVTL) last posted its earnings results on Tuesday, November 4th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). As a group, equities analysts forecast that Vertical Aerospace will post -3.95 EPS for the current year.

Institutional Investors Weigh In On Vertical Aerospace

Large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its holdings in Vertical Aerospace by 120.0% in the second 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 raised its position in shares of Vertical Aerospace by 144.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock worth $45,000 after acquiring an additional 4,850 shares in the last quarter. Quarry LP acquired a new position in shares of Vertical Aerospace in the 3rd quarter valued at about $49,000. Oppenheimer & Co. Inc. bought a new stake in shares of Vertical Aerospace during the 3rd quarter valued at about $52,000. Finally, Virtu Financial LLC acquired a new stake in Vertical Aerospace during the third quarter worth approximately $53,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

About Vertical Aerospace

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.