Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $11.10.
Several equities analysts have issued reports on the company. Canaccord Genuity Group cut their price objective on Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating for the company in a research report on Friday, January 24th. D. Boral Capital started coverage on Vertical Aerospace in a report on Thursday, March 27th. They issued a "buy" rating and a $15.00 price target for the company. Finally, HC Wainwright assumed coverage on shares of Vertical Aerospace in a research report on Friday, February 7th. They set a "buy" rating and a $12.00 price target on the stock.
View Our Latest Research Report on EVTL
Hedge Funds Weigh In On Vertical Aerospace
Several large investors have recently made changes to their positions in EVTL. Connective Capital Management LLC acquired a new stake in Vertical Aerospace in the fourth quarter worth about $189,000. Renaissance Technologies LLC bought a new stake in shares of Vertical Aerospace during the fourth quarter worth approximately $237,000. Bank of America Corp DE acquired a new position in Vertical Aerospace in the fourth quarter valued at approximately $264,000. Jane Street Group LLC bought a new position in Vertical Aerospace in the fourth quarter valued at approximately $300,000. Finally, Marshall Wace LLP acquired a new stake in Vertical Aerospace during the 4th quarter worth $630,000. Institutional investors and hedge funds own 81.17% of the company's stock.
Vertical Aerospace Price Performance
Shares of Vertical Aerospace stock traded up $0.08 during midday trading on Monday, hitting $3.41. 140,065 shares of the company were exchanged, compared to its average volume of 169,306. The firm has a 50 day simple moving average of $3.86 and a 200-day simple moving average of $5.98. Vertical Aerospace has a 52 week low of $2.76 and a 52 week high of $15.99.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($45.51). On average, sell-side analysts forecast that Vertical Aerospace will post -3.95 EPS for the current fiscal year.
Vertical Aerospace Company Profile
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Get Free ReportVertical 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.
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