Analysts Set Vertical Aerospace Ltd. (NYSE:EVTL) Target Price at $10.43

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have earned an average rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.4286.

A number of research analysts have commented on the company. D. Boral Capital restated a “buy” rating and set a $15.00 price objective on shares of Vertical Aerospace in a research note on Thursday, September 18th. Cantor Fitzgerald began coverage on Vertical Aerospace in a research report on Friday, August 22nd. They set an “overweight” rating and a $8.00 price target on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research report on Thursday, September 18th. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price objective on shares of Vertical Aerospace in a research note on Thursday, September 18th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $11.00 target price on shares of Vertical Aerospace in a research note on Monday, September 22nd.

Vertical Aerospace Trading Down 3.5%

EVTL stock opened at $4.83 on Monday. The stock has a 50-day moving average price of $5.24 and a two-hundred day moving average price of $5.18. The company has a market cap of $475.40 million, a PE ratio of -0.10 and a beta of 1.25. Vertical Aerospace has a 12-month low of $2.76 and a 12-month high of $15.99.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVTL. Inherent Management Corp. acquired a new stake in Vertical Aerospace during the 1st quarter valued at approximately $1,109,000. Bank of America Corp DE bought a new stake in shares of Vertical Aerospace in the 4th quarter worth about $264,000. Goldman Sachs Group Inc. acquired a new stake in shares of Vertical Aerospace in the 1st quarter valued at about $102,000. XTX Topco Ltd acquired a new stake in shares of Vertical Aerospace in the 1st quarter valued at about $131,000. Finally, Engineers Gate Manager LP bought a new position in shares of Vertical Aerospace during the second quarter worth about $123,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

About Vertical Aerospace

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.