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

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $11.30.

Several research analysts have issued reports on the company. Cantor Fitzgerald downgraded Vertical Aerospace from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. D. Boral Capital reissued a “buy” rating and issued a $12.00 target price on shares of Vertical Aerospace in a research note on Thursday, April 16th. Weiss Ratings downgraded Vertical Aerospace from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Finally, 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 research report on Monday, April 20th.

Vertical Aerospace Trading Up 4.1%

Shares of EVTL stock opened at $1.66 on Wednesday. Vertical Aerospace has a 1 year low of $1.58 and a 1 year high of $7.33. The firm’s 50 day moving average is $2.24 and its 200-day moving average is $3.44. The firm has a market capitalization of $210.73 million, a price-to-earnings ratio of -0.48 and a beta of 1.52.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.52) by $0.12. On average, equities research analysts forecast that Vertical Aerospace will post -1.4 earnings per share for the current fiscal year.

Institutional Trading of Vertical Aerospace

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVTL. Balyasny Asset Management L.P. raised its position in shares of Vertical Aerospace by 25.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 14,435 shares of the company’s stock valued at $77,000 after acquiring an additional 2,963 shares during the last quarter. Barclays PLC boosted its position in shares of Vertical Aerospace by 156.0% in the 4th quarter. Barclays PLC now owns 6,843 shares of the company’s stock worth $36,000 after purchasing an additional 4,170 shares during the last quarter. EFG International AG bought a new position in shares of Vertical Aerospace in the 4th quarter worth $27,000. LPL Financial LLC grew its stake in shares of Vertical Aerospace by 65.3% during the fourth quarter. LPL Financial LLC now owns 18,255 shares of the company’s stock worth $97,000 after purchasing an additional 7,209 shares during the period. Finally, J. Derek Lewis & Associates Inc. grew its stake in shares of Vertical Aerospace by 41.3% during the first quarter. J. Derek Lewis & Associates Inc. now owns 32,500 shares of the company’s stock worth $72,000 after purchasing an additional 9,500 shares during the period. 81.17% of the stock is owned by institutional investors.

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.