Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) has received an average recommendation of "Moderate Buy" from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.70.
Several equities analysts have issued reports on the company. HC Wainwright reiterated a "buy" rating and issued a $15.00 price objective (up previously from $12.00) on shares of Vertical Aerospace in a research report on Monday, June 9th. 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 for the company.
View Our Latest Research Report on EVTL
Vertical Aerospace Trading Up 4.1%
Shares of EVTL opened at $6.91 on Friday. The stock has a fifty day moving average price of $5.37 and a two-hundred day moving average price of $5.60. 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 issued its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $4.84. Analysts expect that Vertical Aerospace will post -3.95 earnings per share for the current year.
Institutional Investors Weigh In On Vertical Aerospace
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new position in Vertical Aerospace in the first quarter valued at about $102,000. XTX Topco Ltd acquired a new position in shares of Vertical Aerospace during the 1st quarter worth about $131,000. Connective Capital Management LLC acquired a new position in shares of Vertical Aerospace during the 4th quarter worth about $189,000. Renaissance Technologies LLC acquired a new position in shares of Vertical Aerospace during the 4th quarter worth about $237,000. Finally, Bank of America Corp DE acquired a new position in shares of Vertical Aerospace during the 4th quarter worth about $264,000. 81.17% of the stock is owned by institutional investors and hedge funds.
About Vertical Aerospace
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Get Free ReportVertical 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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