Archer Aviation Inc. (NYSE:ACHR) Stock Rated “Hold” by Sell-Side Brokerages

Archer Aviation Inc. (NYSE:ACHR) has earned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $11.50.

ACHR has been the subject of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 target price on shares of Archer Aviation in a report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Archer Aviation in a report on Friday, July 17th. Wells Fargo & Company set a $18.00 target price on Archer Aviation in a research note on Tuesday, August 11th. Barclays raised Archer Aviation to a “hold” rating in a report on Wednesday, July 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $9.00 price target on shares of Archer Aviation in a research report on Tuesday, August 11th.

Archer Aviation Price Performance

Shares of NYSE ACHR opened at $5.71 on Friday. Archer Aviation has a 52 week low of $4.30 and a 52 week high of $14.62. The business’s 50 day moving average price is $5.60 and its 200 day moving average price is $5.66. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.39 billion, a P/E ratio of -5.28 and a beta of 3.23.

Archer Aviation (NYSE:ACHR) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.34) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.34). The business had revenue of $5.00 million for the quarter, compared to analysts’ expectations of $1.94 million. On average, sell-side analysts expect that Archer Aviation will post -1.37 earnings per share for the current year.

Key Archer Aviation News

Here are the key news stories impacting Archer Aviation this week:

• Positive Sentiment: Archer announced that the Hart-Scott-Rodino antitrust waiting period for its planned acquisition of Boeing subsidiaries Wisk Aero, Insitu and SkyGrid expired on September 18. The clearance removes a regulatory hurdle and advances a transaction that could broaden Archer beyond passenger air taxis into autonomous aviation, defense and drone-related markets. Archer Announces Expiration of Hart-Scott-Rodino Waiting Period
• Positive Sentiment: The Boeing transaction is viewed as a strategic signal because Boeing’s backing and the potential defense revenue pathway could give Archer capabilities and market access that many competing electric vertical takeoff and landing, or eVTOL, companies lack. Archer Aviation Sends Strong Signal With Boeing Move
• Positive Sentiment: Archer is expanding demonstrations of its Midnight aircraft, including a U.S. flight tour and an appearance at the California International Air Show, while pursuing commercial opportunities in the UAE, Europe, Asia-Pacific and other international markets. These efforts could support customer awareness, regulatory engagement and eventual route development. Why Archer Aviation Is Up After Expanded Midnight Air Taxi Tours
• Neutral Sentiment: Archer is being compared favorably with Joby Aviation because of Boeing’s support and defense opportunity, but Joby currently leads on FAA certification progress and has a commercial deployment plan with Delta. The comparison highlights Archer’s potential while underscoring its need to close the certification gap. Archer Aviation vs. Joby Aviation
• Negative Sentiment: The acquisition, international expansion and air-show demonstrations do not yet translate into significant revenue. Archer remains loss-making, so investors may be taking profits or remaining cautious until certification, production and commercial operations show measurable progress.

Insider Transactions at Archer Aviation

In related news, CAO Harsh Rungta sold 13,880 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $6.41, for a total transaction of $88,970.80. Following the sale, the chief accounting officer owned 110,847 shares in the company, valued at approximately $710,529.27. This trade represents a 11.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eric Lentell sold 100,000 shares of Archer Aviation stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $6.31, for a total transaction of $631,000.00. Following the completion of the transaction, the insider directly owned 85,011 shares of the company’s stock, valued at $536,419.41. The trade was a 54.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 176,657 shares of company stock valued at $1,122,371 in the last 90 days. 5.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Archer Aviation

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Archer Aviation by 14.9% in the 4th quarter. Geode Capital Management LLC now owns 14,385,647 shares of the company’s stock valued at $108,197,000 after acquiring an additional 1,867,648 shares during the period. Amova Asset Management Americas Inc. raised its position in Archer Aviation by 21.7% during the fourth quarter. Amova Asset Management Americas Inc. now owns 7,914,191 shares of the company’s stock worth $59,515,000 after acquiring an additional 1,413,774 shares during the period. Norges Bank purchased a new position in Archer Aviation during the fourth quarter valued at $58,494,000. BNP Paribas Financial Markets lifted its holdings in Archer Aviation by 423.3% during the fourth quarter. BNP Paribas Financial Markets now owns 5,126,217 shares of the company’s stock valued at $38,549,000 after purchasing an additional 4,146,574 shares in the last quarter. Finally, Alpine Global Management LLC grew its position in shares of Archer Aviation by 104.7% in the fourth quarter. Alpine Global Management LLC now owns 4,677,145 shares of the company’s stock valued at $35,172,000 after purchasing an additional 2,392,026 shares during the period. Hedge funds and other institutional investors own 59.34% of the company’s stock.

About Archer Aviation

Archer Aviation Inc is an aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Its aircraft are designed to transport passengers over short distances using distributed electric propulsion, with the goal of providing quieter and potentially faster alternatives to traditional ground transportation in congested urban areas.

The company’s primary aircraft is Midnight, a piloted, four-passenger eVTOL aircraft intended for commercial air taxi operations.