AeroVironment, Inc. (NASDAQ:AVAV) has earned an average rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $64.67.
Several research firms have weighed in on AVAV. Stifel Nicolaus downgraded AeroVironment from a “buy” rating to a “hold” rating and boosted their price target for the company from $65.00 to $70.00 in a research note on Thursday, June 28th. Robert W. Baird boosted their price target on AeroVironment from $52.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, August 28th. BidaskClub upgraded AeroVironment from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $77.00 price target on the stock in a research note on Thursday, June 28th. Finally, Drexel Hamilton reissued a “hold” rating on shares of AeroVironment in a report on Wednesday, June 27th.
AeroVironment stock traded down $1.27 during trading hours on Friday, hitting $86.64. 19,045 shares of the stock traded hands, compared to its average volume of 200,405. The company has a market cap of $2.10 billion, a PE ratio of 80.90, a PEG ratio of 4.53 and a beta of 1.19. AeroVironment has a 1 year low of $41.53 and a 1 year high of $89.49.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, June 26th. The aerospace company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.33. The business had revenue of $117.38 million for the quarter, compared to the consensus estimate of $116.16 million. AeroVironment had a return on equity of 6.37% and a net margin of 6.71%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 EPS. analysts expect that AeroVironment will post 0.97 EPS for the current fiscal year.
In other news, VP Kirk J. Flittie sold 3,659 shares of the business’s stock in a transaction dated Thursday, July 12th. The stock was sold at an average price of $72.76, for a total value of $266,228.84. Following the completion of the transaction, the vice president now owns 9,083 shares of the company’s stock, valued at approximately $660,879.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.70% of the company’s stock.
Several hedge funds have recently modified their holdings of AVAV. Sei Investments Co. acquired a new position in shares of AeroVironment in the 1st quarter valued at about $100,000. Point72 Hong Kong Ltd acquired a new position in shares of AeroVironment in the 2nd quarter valued at about $111,000. Tower Research Capital LLC TRC acquired a new position in shares of AeroVironment in the 2nd quarter valued at about $158,000. SG Americas Securities LLC lifted its holdings in shares of AeroVironment by 72.4% in the 1st quarter. SG Americas Securities LLC now owns 3,717 shares of the aerospace company’s stock valued at $169,000 after buying an additional 1,561 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of AeroVironment by 113.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,527 shares of the aerospace company’s stock valued at $181,000 after buying an additional 1,342 shares during the period. 82.21% of the stock is owned by institutional investors and hedge funds.
AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.
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