D. Boral Capital reiterated their buy rating on shares of Vertical Aerospace (NYSE:EVTL - Free Report) in a research report released on Thursday morning,Benzinga reports. They currently have a $15.00 price objective on the stock.
Separately, HC Wainwright reaffirmed a "buy" rating and set a $15.00 price target (up previously from $12.00) on shares of Vertical Aerospace in a research report on Monday, June 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertical Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $11.70.
Check Out Our Latest Report on EVTL
Vertical Aerospace Stock Down 2.8%
Shares of NYSE:EVTL traded down $0.14 during trading on Thursday, hitting $4.85. 2,235,960 shares of the company were exchanged, compared to its average volume of 374,354. The business's 50 day moving average is $5.55 and its 200-day moving average is $5.46. Vertical Aerospace has a 1-year low of $2.76 and a 1-year 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, beating analysts' consensus estimates of ($0.40) by $4.84. On average, equities analysts predict that Vertical Aerospace will post -3.95 EPS for the current fiscal year.
Hedge Funds Weigh In On Vertical Aerospace
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Connective Capital Management LLC bought a new position in Vertical Aerospace in the 4th quarter valued at about $189,000. Renaissance Technologies LLC purchased a new stake in shares of Vertical Aerospace during the 4th quarter worth approximately $237,000. Bank of America Corp DE purchased a new position in Vertical Aerospace in the 4th quarter valued at approximately $264,000. Jane Street Group LLC purchased a new position in Vertical Aerospace in the 4th quarter valued at approximately $300,000. Finally, Goldman Sachs Group Inc. purchased a new position in Vertical Aerospace in the 1st quarter valued at approximately $102,000. 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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