Vertical Aerospace’s (EVTL) Buy Rating Reiterated at D. Boral Capital

D. Boral Capital reiterated their buy rating on shares of Vertical Aerospace (NYSE:EVTL) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $12.00 target price on the stock.

Several other equities analysts also recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vertical Aerospace in a report on Wednesday, January 21st. Canaccord Genuity Group decreased their price objective on shares of Vertical Aerospace from $11.00 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 26th. Raymond James Financial lowered shares of Vertical Aerospace from a “market perform” rating to an “underperform” rating in a research note on Monday, February 23rd. 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, William Blair assumed coverage on shares of Vertical Aerospace in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Six analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Vertical Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $11.10.

Vertical Aerospace Stock Up 1.1%

Shares of EVTL opened at $2.29 on Tuesday. The firm has a market cap of $233.82 million, a price-to-earnings ratio of -0.75 and a beta of 1.46. The company’s fifty day moving average is $4.01 and its 200-day moving average is $4.85. Vertical Aerospace has a 12 month low of $1.90 and a 12 month high of $7.60.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings data on Wednesday, March 25th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.01). As a group, research analysts predict that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new stake in shares of Vertical Aerospace during the first quarter valued at approximately $102,000. CreativeOne Wealth LLC acquired a new stake in shares of Vertical Aerospace during the 2nd quarter valued at about $91,000. Marshall Wace LLP boosted its position in shares of Vertical Aerospace by 398.9% during the 2nd quarter. Marshall Wace LLP now owns 788,895 shares of the company’s stock valued at $5,341,000 after acquiring an additional 630,778 shares in the last quarter. Jump Financial LLC bought a new stake in Vertical Aerospace in the second quarter valued at about $91,000. Finally, Squarepoint Ops LLC increased its stake in Vertical Aerospace by 429.6% in the second quarter. Squarepoint Ops LLC now owns 140,018 shares of the company’s stock valued at $948,000 after acquiring an additional 113,580 shares during the period. Institutional investors own 81.17% of the company’s stock.

About Vertical Aerospace

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.