D. Boral Capital Reiterates “Buy” Rating for Vertical Aerospace (NYSE:EVTL)

Vertical Aerospace (NYSE:EVTL)‘s stock had its “buy” rating restated by equities researchers at D. Boral Capital in a research note issued on Thursday,Benzinga reports. They presently have a $12.00 target price on the stock. D. Boral Capital’s price target points to a potential upside of 350.28% from the stock’s current price.

Several other research analysts also recently weighed in on EVTL. Raymond James Financial downgraded shares of Vertical Aerospace from a “market perform” rating to an “underperform” rating in a research report on Monday, February 23rd. Canaccord Genuity Group decreased their price target on shares of Vertical Aerospace from $11.00 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, March 26th. William Blair began coverage on shares of Vertical Aerospace in a research report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Vertical Aerospace in a research report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vertical Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $11.10.

Vertical Aerospace Trading Up 1.3%

EVTL opened at $2.67 on Thursday. Vertical Aerospace has a 1-year low of $1.90 and a 1-year high of $7.60. The company has a market capitalization of $272.71 million, a PE ratio of -0.87 and a beta of 1.46. The firm’s 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $4.64.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings results on Wednesday, March 25th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.01). Equities analysts forecast that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertical Aerospace

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in shares of Vertical Aerospace in the 1st quarter worth about $102,000. Marshall Wace LLP lifted its holdings in shares of Vertical Aerospace by 398.9% in the 2nd quarter. Marshall Wace LLP now owns 788,895 shares of the company’s stock worth $5,341,000 after acquiring an additional 630,778 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Vertical Aerospace in the 2nd quarter worth about $91,000. Squarepoint Ops LLC lifted its holdings in Vertical Aerospace by 429.6% during the 2nd quarter. Squarepoint Ops LLC now owns 140,018 shares of the company’s stock valued at $948,000 after buying an additional 113,580 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Vertical Aerospace during the 2nd quarter valued at about $102,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Vertical Aerospace Company Profile

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.