Vertical Aerospace (NYSE:EVTL) Given "Buy" Rating at D. Boral Capital

Key Points

• D. Boral Capital has reaffirmed a "buy" rating for Vertical Aerospace (NYSE:EVTL) with a target price of $15.00, indicating a potential upside of 201.99% from the current stock price.
• Vertical Aerospace reported a loss of ($2.35) earnings per share for the last quarter, significantly missing the consensus estimate of ($0.43).
• Analysts have varied ratings for Vertical Aerospace, with 6 recommending a Buy, 1 a Hold, and 1 a Sell, leading to an average rating of "Moderate Buy" and a consensus price target of $10.43.

D. Boral Capital reissued their buy rating on shares of Vertical Aerospace (NYSE:EVTL - Free Report) in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a $15.00 target price on the stock.

A number of other research analysts also recently weighed in on EVTL. Canaccord Genuity Group lowered their target price on Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating on the stock in a report on Monday, July 14th. HC Wainwright reissued a "buy" rating and issued a $15.00 target price (up previously from $12.00) on shares of Vertical Aerospace in a report on Monday, June 9th. Wall Street Zen downgraded Vertical Aerospace from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Needham & Company LLC assumed coverage on Vertical Aerospace in a report on Thursday, July 17th. They issued a "buy" rating and a $9.00 target price on the stock. Finally, Cantor Fitzgerald assumed coverage on Vertical Aerospace in a report on Friday, August 22nd. They issued an "overweight" rating and a $8.00 target price on the stock. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Vertical Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $10.43.

Vertical Aerospace Stock Performance

Shares of NYSE:EVTL traded down $0.28 during midday trading on Thursday, reaching $4.86. 916,914 shares of the company's stock traded hands, compared to its average volume of 990,329. The company has a market cap of $469.37 million, a price-to-earnings ratio of -0.10 and a beta of 1.24. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99. The stock has a 50 day moving average of $5.77 and a 200 day moving average of $4.88.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last announced its quarterly earnings results 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). Sell-side analysts predict that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

Institutional Trading of Vertical Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of EVTL. SBI Securities Co. Ltd. increased 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 in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Vertical Aerospace during the second quarter worth about $91,000. Jump Financial LLC purchased a new stake in shares of Vertical Aerospace during the second quarter worth about $91,000. Goldman Sachs Group Inc. purchased a new stake in shares of Vertical Aerospace during the first quarter worth about $102,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Vertical Aerospace during the second quarter worth about $102,000. Hedge funds and other 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.