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AeroVironment (NASDAQ:AVAV) was upgraded by Benchmark Co. from a “hold” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.

Shares of AeroVironment (NASDAQ:AVAV) opened at 33.65 on Thursday. AeroVironment has a 52-week low of $21.66 and a 52-week high of $41.67. The stock has a 50-day moving average of $32.04 and a 200-day moving average of $33.83. The company has a market cap of $766.6 million and a price-to-earnings ratio of 56.08.

AeroVironment (NASDAQ:AVAV) last released its earnings data on Wednesday, September 3rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.05. The company had revenue of $51.90 million for the quarter, compared to the consensus estimate of $50.70 million. During the same quarter in the previous year, the company posted ($0.32) earnings per share. Analysts expect that AeroVironment will post $0.08 EPS for the current fiscal year.

Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of AeroVironment in a research note on Wednesday, July 9th. They now have a $30.00 price target on the stock, up previously from $29.00. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.50.

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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