Analysts Set Vertical Aerospace Ltd. (NYSE:EVTL) Price Target at $11.10

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.10.

A number of analysts recently commented on the company. D. Boral Capital started coverage on Vertical Aerospace in a report on Thursday, March 27th. They set a “buy” rating and a $15.00 price target on the stock. Canaccord Genuity Group reduced their price target on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, HC Wainwright began coverage on Vertical Aerospace in a research report on Friday, February 7th. They set a “buy” rating and a $12.00 target price for the company.

Vertical Aerospace Price Performance

Shares of EVTL stock opened at $5.57 on Friday. The stock has a 50-day moving average of $3.90 and a 200-day moving average of $5.75. Vertical Aerospace has a 1-year low of $2.76 and a 1-year high of $15.99.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $4.84. Research analysts expect that Vertical Aerospace will post -3.95 earnings per share for the current year.

Hedge Funds Weigh In On Vertical Aerospace

Several hedge funds and other institutional investors have recently modified their holdings of EVTL. Mudrick Capital Management L.P. increased its stake in Vertical Aerospace by 11,735.9% in the 4th quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company’s stock worth $595,582,000 after buying an additional 46,943,585 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Vertical Aerospace in the fourth quarter worth about $237,000. Marshall Wace LLP purchased a new position in Vertical Aerospace in the fourth quarter worth about $630,000. Goldman Sachs Group Inc. bought a new stake in Vertical Aerospace in the first quarter worth about $102,000. Finally, Inherent Management Corp. bought a new stake in Vertical Aerospace in the first quarter worth about $1,109,000. 81.17% of the stock is owned by institutional investors.

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.