Vertical Aerospace (NYSE:EVTL) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Vertical Aerospace has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating a negative outlook on the stock.
• Despite this downgrade, some analysts still maintain a "buy" rating, with target prices ranging from $9.00 to $15.00, highlighting a mixed consensus among analysts.
• The company's recent earnings report showed a significant loss of ($2.35) per share, missing the consensus estimate by a substantial margin, raising concerns about its financial performance.

Vertical Aerospace (NYSE:EVTL - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

EVTL has been the subject of a number of other research reports. Canaccord Genuity Group cut their target price on shares of Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating for the company in a research report on Monday, July 14th. D. Boral Capital reaffirmed a "buy" rating and issued a $15.00 target price on shares of Vertical Aerospace in a research note on Tuesday, July 22nd. HC Wainwright reaffirmed a "buy" rating and issued a $15.00 target price (up from $12.00) on shares of Vertical Aerospace in a research note on Monday, June 9th. Finally, Needham & Company LLC assumed coverage on shares of Vertical Aerospace in a research note on Thursday, July 17th. They set a "buy" rating and a $9.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $10.83.

Vertical Aerospace Price Performance

Shares of EVTL stock traded down $0.16 on Friday, hitting $5.18. The stock had a trading volume of 890,560 shares, compared to its average volume of 851,169. The stock has a market cap of $500.31 million, a price-to-earnings ratio of -0.10 and a beta of 1.25. The business has a 50 day moving average of $5.94 and a 200 day moving average of $4.89. Vertical Aerospace has a 12-month low of $2.76 and a 12-month high of $15.99.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($2.35) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($1.92). As a group, research analysts expect that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EVTL. Inherent Management Corp. bought a new position in shares of Vertical Aerospace in the first quarter worth approximately $1,109,000. Rathbones Group PLC bought a new stake in Vertical Aerospace in the second quarter valued at $356,000. Marshall Wace LLP bought a new stake in Vertical Aerospace in the fourth quarter valued at $630,000. XTX Topco Ltd bought a new stake in Vertical Aerospace in the first quarter valued at $131,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Vertical Aerospace during the 1st quarter valued at $102,000. Institutional investors own 81.17% of the company's stock.

Vertical Aerospace Company Profile

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.