AeroVironment Given New $23.00 Price Target at Goldman Sachs Group Inc. (AVAV)
Equities research analysts at Goldman Sachs Group Inc. increased their price objective on shares of AeroVironment (NASDAQ:AVAV) to $23.00 in a research note issued to investors on Wednesday, American Banking News reports. Goldman Sachs Group Inc.’s target price suggests a potential upside of 1.14% from the company’s current price.
A number of other analysts have also recently weighed in on AVAV. Analysts at Benchmark Co. raised their price target on shares of AeroVironment (NASDAQ:AVAV) from $24.00 to $26.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, 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.
Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. AeroVironment currently has an average rating of “Hold” and an average price target of $17.05.
AeroVironment (NASDAQ:AVAV) traded down 0.09% on Wednesday, hitting $22.72. The stock had a trading volume of 17,367 shares. 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 $22.59 and its 200-day moving average is $20.4. The company has a market cap of $505.2 million and a P/E ratio of 109.33.
AeroVironment (NASDAQ:AVAV) last announced its 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. Analysts expect that AeroVironment will post $0.27 EPS 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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