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

Key Points

• Consensus "Moderate Buy": Eight analysts cover EVTL and give a consensus "Moderate Buy" rating (six buys, two sells) with an average 12‑month target of $11.10.
• Share price and fundamentals: EVTL opened at $2.29 with a market cap of $233.8M, a negative P/E (-0.75) and a 52‑week range of $1.90–$7.60, indicating it trades well below analyst targets.
• Heavy institutional ownership & mixed analyst action: About 81.17% of the stock is held by hedge funds/institutions, while brokers have recently adjusted views and targets (e.g., Canaccord cut to $9.50, Needham raised to $11, Weiss maintains a sell).

Shares of Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight research firms that are currently covering the stock, Marketbeat.com 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 target price among brokers that have issued ratings on the stock in the last year is $11.10.

A number of brokerages recently weighed in on EVTL. Canaccord Genuity Group dropped their price objective on Vertical Aerospace from $11.00 to $9.50 and set a "buy" rating on the stock in a research report on Thursday, March 26th. D. Boral Capital reiterated a "buy" rating and issued a $12.00 target price on shares of Vertical Aerospace in a report on Tuesday, March 31st. Weiss Ratings reissued a "sell (d-)" rating on shares of Vertical Aerospace in a research report on Wednesday, January 21st. Needham & Company LLC restated a "buy" rating and issued a $11.00 price target (up from $9.00) on shares of Vertical Aerospace in a report on Monday, December 15th. Finally, William Blair began coverage on shares of Vertical Aerospace in a research report on Wednesday, January 7th. They issued an "outperform" rating on the stock.

Hedge Funds Weigh In On Vertical Aerospace

Several institutional investors and hedge funds have recently bought and sold shares of the company. EFG International AG acquired a new position in shares of Vertical Aerospace during the fourth quarter worth $27,000. Barclays PLC boosted its position in shares of Vertical Aerospace by 156.0% in the 4th quarter. Barclays PLC now owns 6,843 shares of the company's stock worth $36,000 after purchasing an additional 4,170 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Vertical Aerospace by 144.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company's stock worth $45,000 after buying an additional 4,850 shares during the last quarter. Quarry LP purchased a new position in Vertical Aerospace during the 3rd quarter worth $49,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Vertical Aerospace during the 3rd quarter valued at about $52,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Vertical Aerospace Stock Up 0.2%

Shares of NYSE:EVTL opened at $2.29 on Monday. The company has a market capitalization of $233.82 million, a price-to-earnings ratio of -0.75 and a beta of 1.46. Vertical Aerospace has a 52 week low of $1.90 and a 52 week high of $7.60. The firm has a 50 day moving average of $3.94 and a 200 day moving average of $4.82.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its earnings results on Wednesday, March 25th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.01). On average, sell-side analysts expect that Vertical Aerospace will post -3.95 EPS for the current year.

About Vertical Aerospace

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.