Vertical Aerospace Ltd. (NYSE:EVTL) Receives Average Rating of "Moderate Buy" from 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 rating of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given 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 recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Vertical Aerospace in a research report on Friday, August 22nd. They issued an "overweight" rating and a $8.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and set a $9.00 target price on shares of Vertical Aerospace in a report on Thursday. Wall Street Zen downgraded shares of Vertical Aerospace from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. D. Boral Capital restated a "buy" rating and set a $15.00 price objective on shares of Vertical Aerospace in a research note on Thursday. Finally, HC Wainwright restated a "buy" rating and set a $15.00 price objective on shares of Vertical Aerospace in a research note on Thursday.

Vertical Aerospace Price Performance

Shares of EVTL traded up $0.53 on Thursday, hitting $5.72. The company's stock had a trading volume of 3,371,782 shares, compared to its average volume of 1,239,105. The company has a market capitalization of $563.59 million, a PE ratio of -0.11 and a beta of 1.24. Vertical Aerospace has a fifty-two week low of $2.76 and a fifty-two week high of $15.99. The company has a 50 day moving average price of $5.43 and a 200 day moving average price of $4.92.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its holdings in shares of Vertical Aerospace by 120.0% during the second quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company's stock worth $26,000 after purchasing an additional 2,066 shares during the period. Jump Financial LLC bought a new position in shares of Vertical Aerospace during the second quarter worth approximately $91,000. CreativeOne Wealth LLC bought a new position in shares of Vertical Aerospace during the second quarter worth approximately $91,000. Connective Capital Management LLC bought a new position in Vertical Aerospace in the fourth quarter valued at approximately $189,000. Finally, Watts Gwilliam & Co. LLC bought a new position in Vertical Aerospace in the second quarter valued at approximately $102,000. 81.17% of the stock is owned by institutional investors.

About Vertical Aerospace

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.