AeroVironment (NASDAQ:AVAV)‘s stock had its “hold” rating reissued by investment analysts at Drexel Hamilton in a research note issued to investors on Friday.
Several other equities research analysts have also commented on AVAV. Zacks Investment Research lowered AeroVironment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 6th. BidaskClub upgraded AeroVironment from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. Robert W. Baird upped their price target on AeroVironment from $52.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 28th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $77.00 target price on shares of AeroVironment in a research note on Thursday, September 6th. Finally, Canaccord Genuity increased their target price on AeroVironment from $60.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, September 6th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. AeroVironment presently has a consensus rating of “Hold” and an average price target of $83.20.
Shares of NASDAQ:AVAV opened at $91.68 on Friday. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 84.89, a PEG ratio of 3.36 and a beta of 1.31. AeroVironment has a 12 month low of $41.60 and a 12 month high of $121.32.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Thursday, November 29th. The aerospace company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.13. The company had revenue of $72.98 million during the quarter, compared to analyst estimates of $74.54 million. AeroVironment had a return on equity of 10.71% and a net margin of 15.56%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 earnings per share. Sell-side analysts anticipate that AeroVironment will post 1.1 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Global X Management Co LLC grew its stake in shares of AeroVironment by 15.2% in the second quarter. Global X Management Co LLC now owns 482,723 shares of the aerospace company’s stock valued at $34,481,000 after buying an additional 63,811 shares in the last quarter. KBC Group NV boosted its holdings in AeroVironment by 3.6% in the second quarter. KBC Group NV now owns 60,468 shares of the aerospace company’s stock valued at $4,319,000 after purchasing an additional 2,125 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in AeroVironment in the second quarter valued at about $9,261,000. Laurion Capital Management LP purchased a new position in AeroVironment in the second quarter valued at about $203,000. Finally, Royce & Associates LP boosted its holdings in AeroVironment by 25.0% in the second quarter. Royce & Associates LP now owns 22,500 shares of the aerospace company’s stock valued at $1,607,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.
AeroVironment Company Profile
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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