Vertical Aerospace Ltd. (NYSE:EVTL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have earned an average rating of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $11.30.

EVTL has been the topic of several recent analyst reports. D. Boral Capital reissued a “buy” rating and set a $12.00 target price on shares of Vertical Aerospace in a report on Thursday, April 16th. Cantor Fitzgerald cut Vertical Aerospace from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Raymond James Financial cut Vertical Aerospace from a “market perform” rating to an “underperform” rating in a report on Monday, February 23rd. Canaccord Genuity Group boosted their target price on Vertical Aerospace from $9.50 to $10.50 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Weiss Ratings cut Vertical Aerospace from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday.

Vertical Aerospace Price Performance

Shares of NYSE:EVTL opened at $2.63 on Tuesday. Vertical Aerospace has a 12 month low of $1.90 and a 12 month high of $7.60. The stock has a market cap of $334.50 million, a price-to-earnings ratio of -0.76 and a beta of 1.43. The stock’s 50 day moving average price is $2.68 and its 200 day moving average price is $4.18.

Vertical Aerospace (NYSE:EVTL) last announced its earnings results on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.52) by $0.12. On average, sell-side analysts expect that Vertical Aerospace will post -1.34 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Connective Capital Management LLC grew its position in Vertical Aerospace by 302.5% in the fourth quarter. Connective Capital Management LLC now owns 203,408 shares of the company’s stock worth $1,084,000 after buying an additional 152,873 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Vertical Aerospace by 351.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,773 shares of the company’s stock worth $73,000 after buying an additional 10,719 shares during the last quarter. 1492 Capital Management LLC acquired a new position in Vertical Aerospace in the fourth quarter worth approximately $1,336,000. Oppenheimer & Co. Inc. grew its position in Vertical Aerospace by 115.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,500 shares of the company’s stock worth $115,000 after buying an additional 11,500 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Vertical Aerospace in the 4th quarter valued at $107,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

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.