AeroVironment, Inc. (AVAV) Receives Average Rating of “Hold” from Analysts
Shares of AeroVironment, Inc. (NASDAQ:AVAV) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $38.00.
A number of brokerages have commented on AVAV. Piper Jaffray Companies restated a “neutral” rating and set a $36.00 price objective on shares of AeroVironment in a research report on Thursday, August 31st. Jefferies Group LLC raised their price objective on AeroVironment from $29.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, August 30th. TheStreet upgraded AeroVironment from a “c-” rating to a “b” rating in a research report on Tuesday, June 27th. Canaccord Genuity raised their price objective on AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, August 30th. Finally, Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Friday, June 30th.
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In other news, Chairman Timothy E. Conver sold 32,800 shares of AeroVironment stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $39.17, for a total transaction of $1,284,776.00. Following the completion of the sale, the chairman now directly owns 69,500 shares in the company, valued at approximately $2,722,315. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kenneth D. Karklin sold 735 shares of AeroVironment stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $39.57, for a total value of $29,083.95. Following the sale, the vice president now owns 9,437 shares of the company’s stock, valued at $373,422.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,097 shares of company stock valued at $3,280,965. 11.00% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in shares of AeroVironment by 1.8% during the 2nd quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after buying an additional 61 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of AeroVironment by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 4,813 shares of the aerospace company’s stock valued at $135,000 after buying an additional 316 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of AeroVironment by 0.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock valued at $136,000 after buying an additional 38 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of AeroVironment by 78.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock valued at $155,000 after buying an additional 1,793 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of AeroVironment by 3.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock valued at $185,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 77.55% of the company’s stock.
AeroVironment (NASDAQ AVAV) opened at 48.49 on Friday. The stock’s 50 day moving average is $41.76 and its 200-day moving average is $33.74. The firm has a market cap of $1.13 billion, a P/E ratio of 57.11 and a beta of 1.26. AeroVironment has a 1-year low of $22.16 and a 1-year high of $51.04.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Tuesday, August 29th. The aerospace company reported ($0.19) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.15. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The firm had revenue of $43.80 million during the quarter, compared to analyst estimates of $42.44 million. During the same period last year, the company posted ($0.51) EPS. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Analysts forecast that AeroVironment will post $0.61 EPS for the current year.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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