AeroVironment (NASDAQ:AVAV – Get Free Report) has been given a $225.00 target price by Raymond James Financial in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “strong-buy” rating on the aerospace company’s stock. Raymond James Financial’s price objective suggests a potential downside of 4.23% from the company’s previous close.
Other analysts have also recently issued research reports about the company. BTIG Research restated a “buy” rating on shares of AeroVironment in a report on Tuesday. Jefferies Financial Group decreased their target price 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 upped their price target on shares of AeroVironment from $146.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Wall Street Zen raised shares of AeroVironment from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Stifel Nicolaus initiated coverage on shares of AeroVironment in a research note on Tuesday. They set a “buy” rating and a $240.00 price objective for the company. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $216.57.
View Our Latest Stock Report on AeroVironment
AeroVironment Stock Performance
AeroVironment (NASDAQ:AVAV – Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.20. AeroVironment had a return on equity of 10.77% and a net margin of 5.32%. The company had revenue of $275.05 million during the quarter, compared to the consensus estimate of $242.69 million. During the same period in the previous year, the firm posted $0.43 EPS. AeroVironment’s revenue was up 39.6% on a year-over-year basis. On average, equities analysts expect that AeroVironment will post 3.38 EPS for the current year.
Hedge Funds Weigh In On AeroVironment
A number of hedge funds have recently made changes to their positions in AVAV. Bank of America Corp DE boosted its position in AeroVironment by 17.0% during the 4th quarter. Bank of America Corp DE now owns 45,272 shares of the aerospace company’s stock worth $6,967,000 after purchasing an additional 6,589 shares during the period. Cibc World Markets Corp acquired a new position in shares of AeroVironment during the fourth quarter worth about $404,000. JPMorgan Chase & Co. boosted its position in shares of AeroVironment by 415.7% in the fourth quarter. JPMorgan Chase & Co. now owns 198,975 shares of the aerospace company’s stock worth $30,620,000 after buying an additional 160,390 shares during the period. Fisher Asset Management LLC grew its stake in shares of AeroVironment by 63.0% in the fourth quarter. Fisher Asset Management LLC now owns 217,806 shares of the aerospace company’s stock valued at $33,518,000 after buying an additional 84,170 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of AeroVironment in the fourth quarter valued at about $37,502,000. 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.
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