Vertical Aerospace (NYSE:EVTL) Research Coverage Started at D. Boral Capital

D. Boral Capital began coverage on shares of Vertical Aerospace (NYSE:EVTL) in a report released on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $15.00 price objective on the stock.

Several other equities analysts have also weighed in on the company. HC Wainwright began coverage on Vertical Aerospace in a research note on Friday, February 7th. They issued a “buy” rating and a $12.00 price objective on the stock. Canaccord Genuity Group reduced their price target on shares of Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Vertical Aerospace has an average rating of “Moderate Buy” and an average target price of $11.10.

Vertical Aerospace Stock Performance

NYSE:EVTL opened at $3.44 on Thursday. Vertical Aerospace has a 12-month low of $3.16 and a 12-month high of $15.99. The company’s 50-day moving average is $4.80 and its two-hundred day moving average is $10.87.

Vertical Aerospace (NYSE:EVTL) last released its earnings results on Thursday, March 13th. The company reported ($46.25) EPS for the quarter, missing the consensus estimate of ($0.74) by ($45.51). Analysts forecast that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertical Aerospace

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in shares of Vertical Aerospace during the fourth quarter worth about $264,000. Jane Street Group LLC purchased a new stake in Vertical Aerospace during the 4th quarter worth approximately $300,000. Connective Capital Management LLC acquired a new position in shares of Vertical Aerospace in the 4th quarter valued at approximately $189,000. Renaissance Technologies LLC purchased a new position in shares of Vertical Aerospace during the 4th quarter valued at approximately $237,000. Finally, Marshall Wace LLP acquired a new stake in shares of Vertical Aerospace during the fourth quarter worth approximately $630,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

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.