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

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.70.

Several equities analysts have recently weighed in on the company. D. Boral Capital assumed coverage on Vertical Aerospace in a report on Thursday, March 27th. They set a “buy” rating and a $15.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and set a $15.00 price objective (up previously from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th.

Vertical Aerospace Stock Performance

Vertical Aerospace stock opened at $6.91 on Friday. Vertical Aerospace has a 1 year low of $2.76 and a 1 year high of $15.99. The business has a 50-day moving average of $5.37 and a 200-day moving average of $5.60.

Vertical Aerospace (NYSE:EVTL) last posted its earnings results on Tuesday, May 13th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $4.84. On average, analysts anticipate that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertical Aerospace

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new stake in Vertical Aerospace in the 1st quarter valued at approximately $102,000. Inherent Management Corp. bought a new stake in Vertical Aerospace in the 1st quarter valued at approximately $1,109,000. XTX Topco Ltd bought a new stake in Vertical Aerospace in the 1st quarter valued at approximately $131,000. Connective Capital Management LLC bought a new stake in Vertical Aerospace in the 4th quarter valued at approximately $189,000. Finally, Bank of America Corp DE bought a new stake in Vertical Aerospace in the 4th quarter valued at approximately $264,000. Institutional investors own 81.17% of the company’s stock.

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.