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

Key Points

• Vertical Aerospace Ltd. (NYSE:EVTL) has received a consensus rating of "Moderate Buy" from eight research firms, with one sell, one hold, and six buy ratings.
• The average 12-month target price for the stock is $10.43, signaling potential upside for investors.
• The company recently reported an earnings miss, with an EPS of -$2.35, falling short of the expected -$0.43.

Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $10.4286.

A number of research firms have recently commented on EVTL. Needham & Company LLC started coverage on shares of Vertical Aerospace in a research note on Thursday, July 17th. They set a "buy" rating and a $9.00 price objective for the company. Wall Street Zen downgraded Vertical Aerospace from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Cantor Fitzgerald began coverage on Vertical Aerospace in a research report on Friday, August 22nd. They set an "overweight" rating and a $8.00 price target on the stock. Canaccord Genuity Group cut their price objective on Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating for the company in a report on Monday, July 14th. Finally, HC Wainwright restated a "buy" rating and set a $15.00 target price (up from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th.

Institutional Investors Weigh In On Vertical Aerospace

Several hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC increased its position in 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 last quarter. Engineers Gate Manager LP bought a new position in shares of Vertical Aerospace during the 2nd quarter worth approximately $123,000. Jane Street Group LLC acquired a new position in shares of Vertical Aerospace during the 2nd quarter worth approximately $833,000. Raymond James Financial Inc. bought a new stake in Vertical Aerospace in the 2nd quarter valued at $102,000. Finally, Jump Financial LLC bought a new position in Vertical Aerospace during the second quarter worth $91,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Vertical Aerospace Stock Down 1.9%

Shares of EVTL opened at $4.77 on Thursday. Vertical Aerospace has a twelve month low of $2.76 and a twelve month high of $15.99. The stock has a market capitalization of $469.99 million, a P/E ratio of -0.09 and a beta of 1.24. The company has a 50 day moving average of $5.41 and a 200-day moving average of $4.89.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($2.35) EPS for the quarter, missing the consensus estimate of ($0.43) by ($1.92). On average, sell-side analysts anticipate that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

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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