Vertical Aerospace (NYSE:EVTL) Earns Buy Rating from Analysts at D. Boral Capital

D. Boral Capital assumed coverage on shares of Vertical Aerospace (NYSE:EVTL) in a research report sent to investors on Thursday morning, Marketbeat reports. The firm issued a buy rating and a $15.00 price target on the stock.

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

Vertical Aerospace Stock Performance

Shares of EVTL opened at $3.44 on Thursday. The business’s fifty day moving average price is $4.80 and its 200 day moving average price is $10.87. Vertical Aerospace has a 12-month low of $3.16 and a 12-month high of $15.99.

Vertical Aerospace (NYSE:EVTL) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($45.51). As a group, research analysts anticipate that Vertical Aerospace will post -3.95 EPS for the current year.

Hedge Funds Weigh In On Vertical Aerospace

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE bought a new stake in shares of Vertical Aerospace during the 4th quarter worth about $264,000. Jane Street Group LLC acquired a new position in shares of Vertical Aerospace during the fourth quarter valued at approximately $300,000. Connective Capital Management LLC bought a new stake in Vertical Aerospace during the fourth quarter worth approximately $189,000. Renaissance Technologies LLC acquired a new stake in Vertical Aerospace in the fourth quarter worth approximately $237,000. Finally, Marshall Wace LLP acquired a new stake in Vertical Aerospace in the fourth quarter worth approximately $630,000. Institutional investors 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.