AeroVironment PT Raised to $26.00 at Benchmark Co. (AVAV)
Benchmark Co. lifted their target price on shares of AeroVironment (NASDAQ:AVAV) from $24.00 to $26.00 in a research note issued on Tuesday, ARN reports. The firm currently has a “buy” rating on the stock. Benchmark Co.’s price target would suggest a potential upside of 15.76% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of AeroVironment (NASDAQ:AVAV) in a research note to investors on Wednesday, August 28th. They now have a $0.21 price target on the stock, down previously from $20.00. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of AeroVironment (NASDAQ:AVAV) in a research note to investors on Friday, June 28th. They now have a $18.00 price target on the stock, down previously from $20.00.
Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $15.80.
AeroVironment (NASDAQ:AVAV) traded up 1.34% on Tuesday, hitting $22.76. 149,130 shares of the company’s stock traded hands. AeroVironment has a 1-year low of $16.98 and a 1-year high of $24.64. The stock’s 50-day moving average is $22.60 and its 200-day moving average is $20.48. The company has a market cap of $506.1 million and a P/E ratio of 107.98.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, August 27th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.25. The company had revenue of $44.12 million for the quarter, compared to the consensus estimate of $43.78 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was down 24.8% on a year-over-year basis. On average, analysts predict that AeroVironment will post $0.27 earnings per share for the current fiscal year.
AeroVironment, Inc designs, develops, produces and supports a portfolio of products and services. The Company operates in two segments: Unmanned Aircraft Systems (NASDAQ:AVAV) and Efficient Energy Systems (EES).
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