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

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

A number of equities analysts have commented on EVTL shares. D. Boral Capital reiterated a “buy” rating and issued a $12.00 target price on shares of Vertical Aerospace in a report on Thursday, April 16th. Cantor Fitzgerald downgraded shares of Vertical Aerospace from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Canaccord Genuity Group boosted their target price on shares of Vertical Aerospace from $9.50 to $10.50 and gave the stock a “buy” rating in a report on Monday, April 20th. Weiss Ratings lowered Vertical Aerospace from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. Finally, Raymond James Financial lowered Vertical Aerospace from a “market perform” rating to an “underperform” rating in a research note on Monday, February 23rd.

Institutional Investors Weigh In On Vertical Aerospace

Large investors have recently bought and sold shares of the company. EFG International AG acquired a new position in Vertical Aerospace in the fourth quarter valued at approximately $27,000. Bessemer Group Inc. acquired a new position in shares of Vertical Aerospace during the 1st quarter worth approximately $31,000. Barclays PLC raised its stake in shares of Vertical Aerospace by 156.0% during the 4th quarter. Barclays PLC now owns 6,843 shares of the company’s stock worth $36,000 after buying an additional 4,170 shares during the period. Jones Financial Companies Lllp raised its stake in Vertical Aerospace by 144.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock valued at $45,000 after purchasing an additional 4,850 shares during the last quarter. Finally, Quarry LP acquired a new position in Vertical Aerospace in the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Trading Down 4.1%

NYSE:EVTL opened at $2.70 on Tuesday. Vertical Aerospace has a twelve month low of $1.90 and a twelve month high of $7.60. The company has a market cap of $343.15 million, a price-to-earnings ratio of -0.78 and a beta of 1.43. The stock has a fifty day simple moving average of $2.59 and a 200-day simple moving average of $4.14.

Vertical Aerospace (NYSE:EVTL) last released its earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.12. As a group, equities research analysts predict that Vertical Aerospace will post -1.34 EPS for the current fiscal year.

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.