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

Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.70.

Several equities analysts recently issued reports on the company. D. Boral Capital assumed coverage on Vertical Aerospace in a research report on Thursday, March 27th. They issued a "buy" rating and a $15.00 price objective on the stock. HC Wainwright restated a "buy" rating and issued a $15.00 price target (up previously from $12.00) on shares of Vertical Aerospace in a research note on Monday, June 9th.

Institutional Investors Weigh In On Vertical Aerospace

Hedge funds have recently added to or reduced their stakes in the stock. Mudrick Capital Management L.P. boosted its stake in shares of Vertical Aerospace by 11,735.9% in the 4th quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock worth $595,582,000 after buying an additional 46,943,585 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Vertical Aerospace in the fourth quarter worth about $237,000. Marshall Wace LLP purchased a new position in Vertical Aerospace in the fourth quarter worth about $630,000. Jane Street Group LLC bought a new stake in shares of Vertical Aerospace during the 4th quarter valued at about $300,000. Finally, Bank of America Corp DE purchased a new stake in shares of Vertical Aerospace during the 4th quarter valued at about $264,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Vertical Aerospace Price Performance

Shares of NYSE:EVTL traded up $0.01 on Friday, hitting $6.88. 1,774,772 shares of the company traded hands, compared to its average volume of 301,053. The stock has a 50 day simple moving average of $5.49 and a 200-day simple moving average of $5.57. Vertical Aerospace has a 52 week low of $2.76 and a 52 week high of $15.99.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $4.84. As a group, equities analysts expect that Vertical Aerospace will post -3.95 EPS 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.