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

Key Points

• Consensus "Moderate Buy": Eight analysts rate Vertical Aerospace an average of Moderate Buy (six buys, two sells) with a mean 12‑month price target of $11.30, versus the stock opening at $2.34.
• Recent results showed a quarterly EPS loss of ($0.39), missing estimates by $0.01, and analysts forecast a -1.42 EPS for the current fiscal year.
• Institutional ownership 81.17%: Large funds including Millennium, Marshall Wace, Inherent Management and Adage Capital materially increased positions in the fourth quarter.

Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.30.

Several research analysts have recently commented on EVTL shares. Raymond James Financial lowered shares of Vertical Aerospace from a "market perform" rating to an "underperform" rating in a report on Monday, February 23rd. William Blair initiated coverage on shares of Vertical Aerospace in a research note on Wednesday, January 7th. They set an "outperform" rating on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Vertical Aerospace in a report on Wednesday, January 21st. Canaccord Genuity Group lifted their target price on Vertical Aerospace from $9.50 to $10.50 and gave the company a "buy" rating in a research note on Monday, April 20th. Finally, D. Boral Capital reaffirmed a "buy" rating and set a $12.00 target price on shares of Vertical Aerospace in a report on Thursday, April 16th.

Vertical Aerospace Trading Up 4.2%

EVTL stock opened at $2.34 on Friday. The firm has a market cap of $297.32 million, a P/E ratio of -0.76 and a beta of 1.46. The stock's 50 day simple moving average is $3.14 and its 200 day simple moving average is $4.41. Vertical Aerospace has a 12-month low of $1.90 and a 12-month high of $7.60.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.01). On average, research analysts forecast that Vertical Aerospace will post -1.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in Vertical Aerospace by 33.5% in the fourth quarter. Millennium Management LLC now owns 2,385,917 shares of the company's stock worth $12,717,000 after buying an additional 598,127 shares during the period. Marshall Wace LLP boosted its holdings in shares of Vertical Aerospace by 19.1% during the fourth quarter. Marshall Wace LLP now owns 1,701,501 shares of the company's stock valued at $9,069,000 after acquiring an additional 273,202 shares during the period. Inherent Management Corp. boosted its holdings in shares of Vertical Aerospace by 151.3% during the fourth quarter. Inherent Management Corp. now owns 1,331,883 shares of the company's stock valued at $7,099,000 after acquiring an additional 801,883 shares during the period. Adage Capital Partners GP L.L.C. grew its position in shares of Vertical Aerospace by 152.5% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,010,101 shares of the company's stock worth $5,384,000 after acquiring an additional 610,101 shares during the last quarter. Finally, Kotler Kevin bought a new position in shares of Vertical Aerospace during the fourth quarter worth about $5,009,000. 81.17% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.