Brokerages Set AeroVironment, Inc. (NASDAQ:AVAV) Target Price at $202.00

Shares of AeroVironment, Inc. (NASDAQ:AVAV) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $202.00.

A number of equities analysts have recently weighed in on AVAV shares. Jefferies Financial Group reduced their price target on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Robert W. Baird reduced their price target on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. William Blair reissued an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Finally, Raymond James raised shares of AeroVironment from a “market perform” rating to a “strong-buy” rating and set a $200.00 target price for the company in a research note on Tuesday, April 8th.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the transaction, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. This trade represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.27% of the stock is owned by corporate insiders.

Institutional Trading of AeroVironment

Hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC lifted its position in shares of AeroVironment by 120.2% in the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of AeroVironment by 171.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company’s stock valued at $29,000 after buying an additional 154 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of AeroVironment in the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new stake in shares of AeroVironment in the fourth quarter valued at approximately $31,000. Finally, Colonial Trust Advisors acquired a new stake in shares of AeroVironment in the fourth quarter valued at approximately $31,000. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Trading Down 1.1 %

Shares of NASDAQ AVAV opened at $151.52 on Monday. The company’s fifty day moving average is $135.10 and its 200-day moving average is $166.73. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 87.08 and a beta of 0.74. AeroVironment has a twelve month low of $102.25 and a twelve month high of $236.60. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02.

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.