Vertical Aerospace Ltd. (NYSE:EVTL) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Vertical Aerospace has a consensus “Hold” rating from 10 analysts: six rate it a buy, three a sell and one a hold. The average 12-month price target is $10.625.
• EVTL shares opened at $0.58, down 2.5%, near their 12-month low of $0.58 versus a high of $7.33. The stock’s 50-day and 200-day moving averages are $1.27 and $2.34, respectively.
• The company reported a quarterly loss of $0.42 per share, missing the $0.40 loss estimate, while institutional investors and hedge funds own approximately 81.17% of its shares.

Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) have received a consensus rating of "Hold" from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $10.6250.

Several research firms have commented on EVTL. Needham & Company LLC decreased their price objective on shares of Vertical Aerospace to $5.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Vertical Aerospace in a research note on Monday, July 27th. Cantor Fitzgerald downgraded shares of Vertical Aerospace from an "overweight" rating to a "neutral" rating in a report on Thursday, May 7th. Barclays upgraded shares of Vertical Aerospace to a "strong sell" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Vertical Aerospace in a report on Wednesday, August 19th.

Hedge Funds Weigh In On Vertical Aerospace

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

Vertical Aerospace Trading Down 2.5%

Shares of NYSE EVTL opened at $0.58 on Thursday. Vertical Aerospace has a 12 month low of $0.58 and a 12 month high of $7.33. The stock has a 50 day moving average of $1.27 and a 200-day moving average of $2.34. The company has a market capitalization of $74.49 million, a P/E ratio of -0.38 and a beta of 1.48.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.02). Analysts predict that Vertical Aerospace will post -1.14 EPS for the current fiscal year.

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.

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