Vertical Aerospace Ltd. (NYSE:EVTL) Receives $11.83 Consensus Target Price from Brokerages

by · The Markets Daily

Vertical Aerospace Ltd. (NYSE:EVTL – Get Free Report) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $11.40.

A number of equities analysts recently commented on EVTL shares. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Vertical Aerospace in a research note on Thursday, September 18th. D. Boral Capital reiterated a “buy” rating and issued a $14.00 target price on shares of Vertical Aerospace in a research report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Vertical Aerospace in a report on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Vertical Aerospace from a “hold” rating to a “sell” rating in a report on Saturday, August 9th.

Get Our Latest Analysis on EVTL

Institutional Investors Weigh In On Vertical Aerospace

A number of institutional investors have recently modified their holdings of EVTL. Connective Capital Management LLC bought a new position in Vertical Aerospace in the third quarter worth about $262,000. PharVision Advisers LLC acquired a new stake in shares of Vertical Aerospace during the 3rd quarter worth approximately $294,000. Verition Fund Management LLC lifted its holdings in shares of Vertical Aerospace by 1,190.8% in the 3rd quarter. Verition Fund Management LLC now owns 195,151 shares of the company’s stock worth $1,013,000 after purchasing an additional 180,032 shares during the last quarter. Quarry LP acquired a new position in Vertical Aerospace during the 3rd quarter valued at approximately $49,000. Finally, Millennium Management LLC boosted its position in Vertical Aerospace by 293.4% during the 3rd quarter. Millennium Management LLC now owns 1,787,790 shares of the company’s stock valued at $9,279,000 after purchasing an additional 1,333,312 shares during the period. Institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Trading Up 2.6%

Shares of NYSE:EVTL opened at $6.74 on Tuesday. The firm has a market cap of $664.09 million, a PE ratio of -0.14 and a beta of 1.23. The company has a fifty day simple moving average of $4.85 and a 200 day simple moving average of $5.33. 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 announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.09). As a group, equities research analysts forecast that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

Vertical Aerospace Company Profile

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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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