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

Key Points

• Vertical Aerospace has a consensus “Hold” rating from 10 brokerages: six recommend buying, three recommend selling and one rates it a hold. The average 12-month price target is $11.30.
• EVTL opened at $1.35, near its 12-month low of $1.19 and well below its $7.33 high; its market capitalization is approximately $172.5 million.
• The company reported a quarterly loss of $0.40 per share, beating analysts’ expected loss of $0.52, while institutional investors and hedge funds own 81.17% of its stock.

Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) have been given an average recommendation of "Hold" by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have 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 price objective among brokers that have updated their coverage on the stock in the last year is $11.30.

A number of equities research analysts have weighed in on EVTL shares. Barclays raised shares of Vertical Aerospace to a "strong sell" rating in a report on Wednesday, July 29th. D. Boral Capital restated a "buy" rating and set a $12.00 target price on shares of Vertical Aerospace in a report on Thursday, April 16th. Canaccord Genuity Group lifted their price target on shares of Vertical Aerospace from $9.50 to $10.50 and gave the stock a "buy" rating in a research report on Monday, April 20th. Weiss Ratings cut Vertical Aerospace from a "sell (d)" rating to a "sell (e+)" rating in a report on Friday, May 22nd. Finally, Cantor Fitzgerald lowered Vertical Aerospace from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 7th.

Vertical Aerospace Price Performance

NYSE EVTL opened at $1.35 on Friday. Vertical Aerospace has a 12 month low of $1.19 and a 12 month high of $7.33. The firm has a market capitalization of $172.53 million, a PE ratio of -0.39 and a beta of 1.54. The company's 50 day simple moving average is $1.80 and its 200 day simple moving average is $2.89.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.12. Sell-side analysts anticipate that Vertical Aerospace will post -1.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vertical Aerospace

A number of large investors have recently made changes to their positions in the company. EFG International AG acquired a new position in Vertical Aerospace in the 4th quarter worth approximately $27,000. Barclays PLC raised its stake in Vertical Aerospace by 156.0% during the 4th quarter. Barclays PLC now owns 6,843 shares of the company's stock valued at $36,000 after purchasing an additional 4,170 shares during the period. Quarry LP purchased a new stake in shares of Vertical Aerospace in the third quarter valued at $49,000. Farther Finance Advisors LLC acquired a new stake in shares of Vertical Aerospace in the fourth quarter worth $54,000. Finally, Virtu Financial LLC acquired a new stake in shares of Vertical Aerospace in the third quarter worth $53,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Vertical Aerospace Company Profile

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace's mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company's flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.

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