Vertical Aerospace (NYSE:EVTL - Get Free Report) had its target price boosted by analysts at HC Wainwright from $12.00 to $15.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. HC Wainwright's target price points to a potential upside of 150.00% from the company's previous close.
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 objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.70.
Get Our Latest Stock Report on EVTL
Vertical Aerospace Trading Up 11.5%
Shares of NYSE:EVTL traded up $0.62 on Monday, hitting $6.00. The company's stock had a trading volume of 1,276,594 shares, compared to its average volume of 227,035. Vertical Aerospace has a 12 month low of $2.76 and a 12 month high of $15.99. The stock's 50-day moving average is $4.29 and its two-hundred day moving average is $5.82.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its earnings results 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. Equities analysts predict that Vertical Aerospace will post -3.95 earnings per share for the current year.
Institutional Investors Weigh In On Vertical Aerospace
Hedge funds have recently made changes to their positions in the company. Connective Capital Management LLC purchased a new position in Vertical Aerospace during the 4th quarter worth approximately $189,000. Renaissance Technologies LLC purchased a new position in shares of Vertical Aerospace during the fourth quarter valued at $237,000. Bank of America Corp DE purchased a new position in shares of Vertical Aerospace during the fourth quarter valued at $264,000. Jane Street Group LLC acquired a new position in Vertical Aerospace during the fourth quarter valued at $300,000. Finally, Goldman Sachs Group Inc. acquired a new position in Vertical Aerospace during the first quarter valued at $102,000. Hedge funds and other institutional investors own 81.17% of the company's stock.
About Vertical Aerospace
(
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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.
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