Royal Bank Of Canada Issues Pessimistic Forecast for AeroVironment (NASDAQ:AVAV) Stock Price

AeroVironment (NASDAQ:AVAV) had its price target reduced by equities research analysts at Royal Bank Of Canada from $440.00 to $400.00 in a report issued on Monday, Marketbeat reports. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 42.14% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. BNP Paribas upgraded AeroVironment to a “strong-buy” rating in a research report on Tuesday, November 18th. Bank of America started coverage on AeroVironment in a research note on Thursday, September 18th. They set a “buy” rating and a $300.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of AeroVironment in a research note on Wednesday, September 10th. Piper Sandler began coverage on AeroVironment in a report on Thursday, November 20th. They set an “overweight” rating and a $391.00 price target for the company. Finally, Raymond James Financial boosted their price objective on shares of AeroVironment from $300.00 to $348.00 and gave the company a “strong-buy” rating in a report on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $362.56.

AeroVironment Trading Down 0.4%

Shares of AVAV stock opened at $281.42 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. The stock has a 50 day simple moving average of $334.53 and a 200-day simple moving average of $274.16. The company has a market cap of $14.05 billion, a price-to-earnings ratio of -439.71, a PEG ratio of 4.00 and a beta of 1.13. AeroVironment has a 1-year low of $102.25 and a 1-year high of $417.86.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, December 9th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.43). The company had revenue of $472.51 million for the quarter, compared to analysts’ expectations of $466.16 million. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The business’s revenue for the quarter was up 150.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. On average, equities research analysts expect that AeroVironment will post 3.38 EPS for the current fiscal year.

Insider Activity

In related news, insider Trace E. Stevenson sold 1,717 shares of AeroVironment stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the transaction, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the sale, the chief financial officer directly owned 19,324 shares in the company, valued at approximately $7,724,575.76. The trade was a 4.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,228 shares of company stock valued at $1,223,157. 0.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AeroVironment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC raised its stake in shares of AeroVironment by 60.0% in the third quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 30 shares in the last quarter. Rothschild Investment LLC increased its holdings in AeroVironment by 7.8% during the 3rd quarter. Rothschild Investment LLC now owns 498 shares of the aerospace company’s stock worth $157,000 after purchasing an additional 36 shares during the period. TD Waterhouse Canada Inc. increased its holdings in AeroVironment by 100.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 40 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in AeroVironment by 21.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 237 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 42 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of AeroVironment by 0.6% in the 2nd quarter. Amalgamated Bank now owns 8,023 shares of the aerospace company’s stock valued at $2,286,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 86.38% of the company’s stock.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.