Vertical Aerospace Ltd. (NYSE:EVTL) Given Average Rating of "Hold" by Brokerages

Key Points

• Vertical Aerospace Ltd. (NYSE:EVTL) has received an average rating of "Hold" from nine covering brokerages, with two recommending a sell, one hold, and six buy ratings.
• The stock's average one-year target price is $10.43, but it recently saw a decline of 9.9%, with shares trading around $5.31.
• Recent earnings reports indicated a significant loss of ($2.35) per share, which missed the consensus estimate by ($1.92).

Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) have earned an average recommendation of "Hold" from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $10.4286.

EVTL has been the subject of a number of research reports. Canaccord Genuity Group restated a "buy" rating and issued a $11.00 target price on shares of Vertical Aerospace in a research note on Monday, September 22nd. Weiss Ratings restated a "sell (d-)" rating on shares of Vertical Aerospace in a research note on Wednesday, October 8th. D. Boral Capital restated a "buy" rating and issued a $15.00 target price on shares of Vertical Aerospace in a research note on Thursday, September 18th. Cantor Fitzgerald initiated coverage on Vertical Aerospace in a research note on Friday, August 22nd. They issued an "overweight" rating and a $8.00 target price for the company. Finally, Wall Street Zen downgraded Vertical Aerospace from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th.

Vertical Aerospace Stock Down 9.9%

Shares of Vertical Aerospace stock opened at $5.31 on Monday. The firm has a market cap of $522.70 million, a P/E ratio of -0.11 and a beta of 1.25. Vertical Aerospace has a fifty-two week low of $2.76 and a fifty-two week high of $15.99. The business has a 50-day moving average price of $5.29 and a 200 day moving average price of $5.12.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($2.35) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($1.92). As a group, equities research analysts anticipate that Vertical Aerospace will post -3.95 earnings per share for the current year.

Hedge Funds Weigh In On Vertical Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of EVTL. Marshall Wace LLP boosted its stake in Vertical Aerospace by 398.9% in the second quarter. Marshall Wace LLP now owns 788,895 shares of the company's stock valued at $5,341,000 after acquiring an additional 630,778 shares during the period. Inherent Management Corp. acquired a new position in shares of Vertical Aerospace during the first quarter worth approximately $1,109,000. Jane Street Group LLC acquired a new position in shares of Vertical Aerospace during the second quarter worth approximately $833,000. Squarepoint Ops LLC boosted its position in shares of Vertical Aerospace by 429.6% during the second quarter. Squarepoint Ops LLC now owns 140,018 shares of the company's stock worth $948,000 after buying an additional 113,580 shares during the period. Finally, Rathbones Group PLC acquired a new position in shares of Vertical Aerospace during the second quarter worth approximately $356,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Vertical Aerospace Company Profile

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.

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