Vertical Aerospace (NYSE:EVTL) Now Covered by D. Boral Capital

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

EVTL has been the topic of several other research reports. Canaccord Genuity Group reduced their target price on shares of Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Finally, HC Wainwright assumed coverage on Vertical Aerospace in a research report on Friday, February 7th. They issued a “buy” rating and a $12.00 target price for the company. One investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.10.

Vertical Aerospace Price Performance

EVTL stock opened at $3.62 on Thursday. The stock has a 50-day moving average price of $4.92 and a two-hundred day moving average price of $11.35. Vertical Aerospace has a 12-month low of $3.16 and a 12-month high of $15.99.

Vertical Aerospace (NYSE:EVTL) last issued its 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, sell-side analysts forecast that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Institutional Trading of Vertical Aerospace

Several large investors have recently modified their holdings of the business. Mudrick Capital Management L.P. lifted its stake in shares of Vertical Aerospace by 11,735.9% in the fourth quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company’s stock worth $595,582,000 after acquiring an additional 46,943,585 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Vertical Aerospace during the 4th quarter worth approximately $237,000. Marshall Wace LLP acquired a new position in shares of Vertical Aerospace in the 4th quarter valued at approximately $630,000. Jane Street Group LLC purchased a new position in shares of Vertical Aerospace during the 4th quarter valued at approximately $300,000. Finally, Bank of America Corp DE acquired a new stake in shares of Vertical Aerospace during the fourth quarter worth approximately $264,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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.