HC Wainwright Reiterates Buy Rating for Vertical Aerospace (NYSE:EVTL)

Vertical Aerospace (NYSE:EVTL - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at HC Wainwright in a report issued on Monday, MarketBeat reports. They presently have a $15.00 price target on the stock, up from their previous price target of $12.00. HC Wainwright's price objective suggests a potential upside of 152.10% from the stock's previous close. HC Wainwright also issued estimates for Vertical Aerospace's FY2027 earnings at ($1.26) EPS.

Separately, D. Boral Capital began coverage on Vertical Aerospace in a research note on Thursday, March 27th. They set a "buy" rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Vertical Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.70.

Vertical Aerospace Price Performance

EVTL stock traded down $0.06 during trading on Monday, reaching $5.95. 1,017,187 shares of the company traded hands, compared to its average volume of 246,569. The business has a 50 day simple moving average of $4.46 and a 200 day simple moving average of $5.83. 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 data on Tuesday, May 13th. The company reported $4.44 earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $4.84. Research analysts predict that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertical Aerospace

Hedge funds have recently made changes to their positions in the company. Mudrick Capital Management L.P. grew its position in Vertical Aerospace by 11,735.9% during the 4th quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock worth $595,582,000 after purchasing an additional 46,943,585 shares during the period. Inherent Management Corp. purchased a new position in shares of Vertical Aerospace in the first quarter valued at approximately $1,109,000. Marshall Wace LLP purchased a new position in Vertical Aerospace in the 4th quarter valued at $630,000. XTX Topco Ltd acquired a new position in Vertical Aerospace during the first quarter worth about $131,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Vertical Aerospace during the 1st quarter worth approximately $102,000. 81.17% of the stock is owned by institutional investors and hedge funds.

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.