D. Boral Capital Initiates Coverage on Vertical Aerospace (NYSE:EVTL)

Research analysts at D. Boral Capital assumed coverage on shares of Vertical Aerospace (NYSE:EVTL) in a report released on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $15.00 price target on the stock. D. Boral Capital’s price objective would indicate a potential upside of 336.05% from the stock’s current price.

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

Vertical Aerospace Stock Performance

EVTL stock opened at $3.44 on Thursday. Vertical Aerospace has a fifty-two week low of $3.16 and a fifty-two week high of $15.99. The company’s 50 day moving average price is $4.80 and its 200 day moving average price is $11.30.

Vertical Aerospace (NYSE:EVTL) last announced 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). Equities analysts anticipate that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertical Aerospace

A number of institutional investors have recently added to or reduced their stakes in EVTL. Connective Capital Management LLC bought a new position in shares of Vertical Aerospace during the fourth quarter worth about $189,000. Renaissance Technologies LLC bought a new position in Vertical Aerospace during the 4th quarter worth approximately $237,000. Bank of America Corp DE acquired a new position in shares of Vertical Aerospace in the 4th quarter worth approximately $264,000. Jane Street Group LLC bought a new stake in shares of Vertical Aerospace in the 4th quarter valued at approximately $300,000. Finally, Marshall Wace LLP acquired a new stake in shares of Vertical Aerospace during the 4th quarter valued at 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.