Vertical Aerospace Ltd. (NYSE:EVTL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.80.

Several analysts have recently weighed in on EVTL shares. William Blair initiated coverage on shares of Vertical Aerospace in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Vertical Aerospace in a report on Wednesday, January 21st. D. Boral Capital reaffirmed a “buy” rating and set a $14.00 target price on shares of Vertical Aerospace in a research report on Wednesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price (up from $9.00) on shares of Vertical Aerospace in a report on Monday, December 15th. Finally, Raymond James Financial downgraded Vertical Aerospace from a “market perform” rating to an “underperform” rating in a research report on Monday, February 23rd.

Vertical Aerospace Price Performance

Vertical Aerospace stock opened at $3.83 on Thursday. The stock has a market cap of $381.70 million, a price-to-earnings ratio of -0.08 and a beta of 1.23. Vertical Aerospace has a 1 year low of $2.76 and a 1 year high of $7.60. The firm has a 50-day moving average of $4.86 and a two-hundred day moving average of $5.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVTL. Caitong International Asset Management Co. Ltd increased its position in Vertical Aerospace by 446.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 16,678 shares of the company’s stock valued at $89,000 after purchasing an additional 13,624 shares during the period. Virtu Financial LLC lifted its position in shares of Vertical Aerospace by 250.5% in the 4th quarter. Virtu Financial LLC now owns 35,768 shares of the company’s stock worth $191,000 after purchasing an additional 25,562 shares during the period. Connective Capital Management LLC boosted its stake in shares of Vertical Aerospace by 302.5% during the fourth quarter. Connective Capital Management LLC now owns 203,408 shares of the company’s stock valued at $1,084,000 after purchasing an additional 152,873 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in Vertical Aerospace by 19.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 198,864 shares of the company’s stock valued at $1,060,000 after buying an additional 32,329 shares during the period. Finally, Quadrature Capital Ltd increased its holdings in Vertical Aerospace by 122.8% during the fourth quarter. Quadrature Capital Ltd now owns 138,904 shares of the company’s stock valued at $740,000 after buying an additional 76,554 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Vertical Aerospace Company Profile

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace’s mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company’s flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.