Cantor Fitzgerald restated their overweight rating on shares of Archer Aviation (NYSE:ACHR – Free Report) in a report published on Monday, Benzinga reports. They currently have a $10.00 price target on the stock.
Several other research analysts have also recently commented on ACHR. Barclays lowered their price target on shares of Archer Aviation from $6.50 to $4.50 and set an equal weight rating for the company in a report on Friday, May 17th. Benchmark restated a buy rating and issued a $12.00 target price on shares of Archer Aviation in a report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Archer Aviation from $7.00 to $5.00 and set an overweight rating for the company in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $8.30.
Get Our Latest Analysis on ACHR
Archer Aviation Trading Up 0.9 %
Archer Aviation (NYSE:ACHR – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.08). During the same period in the prior year, the business posted ($0.46) EPS. As a group, research analysts expect that Archer Aviation will post -1.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. CWM LLC boosted its stake in Archer Aviation by 62.0% during the 2nd quarter. CWM LLC now owns 9,300 shares of the company’s stock worth $33,000 after purchasing an additional 3,559 shares during the period. Csenge Advisory Group acquired a new stake in Archer Aviation during the 2nd quarter worth $39,000. Tidal Investments LLC acquired a new stake in Archer Aviation during the 1st quarter worth $49,000. Vestor Capital LLC acquired a new stake in Archer Aviation during the 4th quarter worth $61,000. Finally, PFG Investments LLC acquired a new stake in Archer Aviation during the 1st quarter worth $67,000. Institutional investors and hedge funds own 59.34% of the company’s stock.
Archer Aviation Company Profile
Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.
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