Vertical Aerospace Ltd. (NYSE:EVTL) Receives $10.43 Consensus Price Target from Brokerages

Vertical Aerospace Ltd. (NYSE:EVTL) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $10.4286.

Several equities research analysts recently weighed in on EVTL shares. Wall Street Zen lowered Vertical Aerospace from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 target price on shares of Vertical Aerospace in a research note on Thursday, September 18th. HC Wainwright reiterated a “buy” rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research note on Thursday, September 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald assumed coverage on Vertical Aerospace in a research report on Friday, August 22nd. They issued an “overweight” rating and a $8.00 price target for the company.

Hedge Funds Weigh In On Vertical Aerospace

Several hedge funds have recently bought and sold shares of the company. Inherent Management Corp. purchased a new position in shares of Vertical Aerospace during the 1st quarter valued at $1,109,000. Bank of America Corp DE purchased a new position in Vertical Aerospace during the fourth quarter worth about $264,000. Goldman Sachs Group Inc. purchased a new position in shares of Vertical Aerospace during the first quarter worth about $102,000. XTX Topco Ltd purchased a new position in shares of Vertical Aerospace during the first quarter worth about $131,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Vertical Aerospace during the second quarter worth about $123,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Stock Performance

NYSE EVTL opened at $5.25 on Monday. Vertical Aerospace has a 52-week low of $2.76 and a 52-week high of $15.99. The company has a 50-day simple moving average of $5.26 and a 200 day simple moving average of $5.14. The company has a market capitalization of $516.79 million, a PE ratio of -0.10 and a beta of 1.25.

Vertical Aerospace (NYSE:EVTL) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($1.92). As a group, analysts forecast that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

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.