Vertical Aerospace Ltd. (NYSE:EVTL) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Vertical Aerospace Ltd. has received a consensus recommendation of "Moderate Buy" from eight brokerages, with one rating as a sell and one as a hold.
• The average 12-month target price for Vertical Aerospace among analysts is $10.43, with HC Wainwright increasing its price objective to $15.00.
• Vertical Aerospace's stock recently traded at $5.2060, reflecting a market cap of $503.32 million and has institutional investors holding approximately 81.17% of the stock.

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

EVTL has been the subject of several analyst reports. D. Boral Capital reissued a "buy" rating and issued a $15.00 target price on shares of Vertical Aerospace in a report on Thursday. Needham & Company LLC began coverage on shares of Vertical Aerospace in a report on Thursday, July 17th. They set a "buy" rating and a $9.00 price objective for the company. Cantor Fitzgerald began coverage on shares of Vertical Aerospace in a report on Friday, August 22nd. They set an "overweight" rating and a $8.00 price objective for the company. HC Wainwright reaffirmed a "buy" rating and set a $15.00 price objective (up from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th. Finally, Canaccord Genuity Group cut their price objective on shares of Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating for the company in a report on Monday, July 14th.

Vertical Aerospace Stock Performance

Shares of NYSE EVTL traded up $0.18 during mid-day trading on Friday, hitting $5.14. The stock had a trading volume of 455,443 shares, compared to its average volume of 850,187. Vertical Aerospace has a 1 year low of $2.76 and a 1 year high of $15.99. The business has a 50 day moving average price of $5.79 and a two-hundred day moving average price of $4.89. The firm has a market cap of $497.03 million, a P/E ratio of -0.10 and a beta of 1.25.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.43) by ($1.92). Equities research analysts predict that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

Institutional Trading of Vertical Aerospace

A number of institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its position in Vertical Aerospace by 120.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company's stock worth $26,000 after buying an additional 2,066 shares during the last quarter. Jump Financial LLC bought a new stake in Vertical Aerospace in the second quarter worth $91,000. CreativeOne Wealth LLC bought a new stake in Vertical Aerospace in the second quarter worth $91,000. Connective Capital Management LLC bought a new stake in Vertical Aerospace in the fourth quarter worth $189,000. Finally, Raymond James Financial Inc. bought a new stake in Vertical Aerospace in the second quarter worth $102,000. 81.17% of the stock is currently 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.