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

Equities researchers at D. Boral Capital started coverage on shares of Vertical Aerospace (NYSE:EVTL) in a note issued to investors on Thursday,Benzinga reports. The firm set a “buy” rating and a $15.00 price target on the stock. D. Boral Capital’s price target points to a potential upside of 309.28% from the company’s previous close.

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

Vertical Aerospace Stock Performance

EVTL opened at $3.67 on Thursday. Vertical Aerospace has a twelve month low of $3.16 and a twelve month high of $15.99. The firm’s 50-day moving average price is $5.03 and its 200 day moving average price is $11.40.

Vertical Aerospace (NYSE:EVTL) last issued its earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($45.51). As a group, sell-side analysts predict that Vertical Aerospace will post -3.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EVTL. Mudrick Capital Management L.P. lifted its holdings in shares of 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 acquiring an additional 46,943,585 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Vertical Aerospace in the fourth quarter valued at approximately $237,000. Marshall Wace LLP acquired a new position in Vertical Aerospace during the fourth quarter worth $630,000. Jane Street Group LLC purchased a new position in shares of Vertical Aerospace during the fourth quarter worth $300,000. Finally, Bank of America Corp DE acquired a new stake in shares of Vertical Aerospace in the fourth quarter valued at $264,000. Hedge funds and other institutional investors 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.