AeroVironment (NASDAQ:AVAV)‘s stock had its “neutral” rating reissued by research analysts at Piper Jaffray Companies in a report released on Thursday, The Fly reports. They currently have a $77.00 target price on the aerospace company’s stock. Piper Jaffray Companies’ price objective would indicate a potential downside of 23.33% from the company’s previous close.
A number of other equities analysts also recently commented on the company. Robert W. Baird raised their price objective on AeroVironment from $52.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, August 28th. BidaskClub upgraded AeroVironment from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 11th. Zacks Investment Research downgraded AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Friday, June 29th. Stifel Nicolaus downgraded AeroVironment from a “buy” rating to a “hold” rating and raised their price objective for the stock from $65.00 to $70.00 in a report on Thursday, June 28th. Finally, Drexel Hamilton restated a “hold” rating on shares of AeroVironment in a report on Wednesday, June 27th. Five analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $83.20.
AeroVironment stock opened at $100.43 on Thursday. The stock has a market capitalization of $2.39 billion, a PE ratio of 92.99, a PEG ratio of 4.00 and a beta of 1.20. AeroVironment has a 12 month low of $41.53 and a 12 month high of $103.98.
AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Wednesday, September 5th. The aerospace company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.79. The company had revenue of $78.04 million for the quarter, compared to the consensus estimate of $73.65 million. AeroVironment had a return on equity of 10.71% and a net margin of 15.56%. The company’s quarterly revenue was up 127.1% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. equities research analysts anticipate that AeroVironment will post 1.25 earnings per share for the current year.
In related news, VP Kirk J. Flittie sold 3,659 shares of the firm’s stock in a transaction dated Thursday, July 12th. The stock was sold at an average price of $72.76, for a total transaction of $266,228.84. Following the sale, the vice president now directly owns 9,083 shares in the company, valued at approximately $660,879.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 11.70% of the company’s stock.
Several large investors have recently made changes to their positions in AVAV. Sei Investments Co. purchased a new stake in shares of AeroVironment during the 1st quarter valued at about $100,000. Point72 Hong Kong Ltd purchased a new stake in shares of AeroVironment during the 2nd quarter valued at about $111,000. Tower Research Capital LLC TRC purchased a new stake in shares of AeroVironment during the 2nd quarter valued at about $158,000. SG Americas Securities LLC raised its holdings in shares of AeroVironment by 72.4% during 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. raised its holdings in shares of AeroVironment by 113.2% during 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. Institutional investors and hedge funds own 82.21% of the company’s stock.
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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