Vertical Aerospace (NYSE:EVTL) Posts Quarterly Earnings Results, Misses Estimates By $45.51 EPS

Vertical Aerospace (NYSE:EVTL) released its earnings results on Thursday. The company reported ($46.25) EPS for the quarter, missing the consensus estimate of ($0.74) by ($45.51), Zacks reports.

Vertical Aerospace Stock Up 4.0 %

Shares of EVTL stock opened at $3.53 on Friday. The stock has a 50-day simple moving average of $5.89 and a 200 day simple moving average of $16.88. Vertical Aerospace has a fifty-two week low of $3.16 and a fifty-two week high of $15.99.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays increased their target price on Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. HC Wainwright assumed coverage on Vertical Aerospace in a research report on Friday, February 7th. They set a “buy” rating and a $12.00 price target on the stock. Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Canaccord Genuity Group dropped their price target on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.13.

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.