AeroVironment (NASDAQ:AVAV) Upgraded by Wall Street Zen to Hold Rating

AeroVironment (NASDAQ:AVAVGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

A number of other research firms have also recently issued reports on AVAV. Wedbush assumed coverage on AeroVironment in a research note on Tuesday. They issued an “outperform” rating and a $250.00 target price on the stock. Wolfe Research lowered shares of AeroVironment to a “buy” rating in a research report on Tuesday. Canaccord Genuity Group dropped their price objective on shares of AeroVironment from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday. Citizens Jmp reiterated a “market outperform” rating and issued a $350.00 price objective on shares of AeroVironment in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group reduced their target price on shares of AeroVironment from $305.00 to $229.00 and set a “buy” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.37.

Read Our Latest Analysis on AeroVironment

AeroVironment Stock Performance

Shares of NASDAQ AVAV opened at $190.89 on Friday. The company has a market cap of $9.66 billion, a price-to-earnings ratio of -51.87, a price-to-earnings-growth ratio of 2.86 and a beta of 1.39. AeroVironment has a 12-month low of $135.20 and a 12-month high of $417.86. The company has a current ratio of 4.30, a quick ratio of 4.54 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $174.86 and its 200 day simple moving average is $223.52.

AeroVironment (NASDAQ:AVAVGet Free Report) last released its quarterly earnings data on Monday, June 29th. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.37. The business had revenue of $641.62 million during the quarter, compared to analyst estimates of $555.97 million. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The business’s revenue for the quarter was up 133.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Equities research analysts expect that AeroVironment will post 3.43 EPS for the current year.

Insiders Place Their Bets

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the transaction, the director owned 49,001 shares in the company, valued at approximately $8,546,264.41. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 750 shares of company stock worth $133,502. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Groupama Asset Managment bought a new position in shares of AeroVironment during the 3rd quarter valued at about $314,890,000. Norges Bank acquired a new position in AeroVironment during the fourth quarter valued at $94,655,000. CIBC Private Wealth Group LLC lifted its position in shares of AeroVironment by 24,798.7% in the third quarter. CIBC Private Wealth Group LLC now owns 315,716 shares of the aerospace company’s stock worth $99,416,000 after purchasing an additional 314,448 shares in the last quarter. Swedbank AB lifted its position in AeroVironment by 22,773.4% in the 4th quarter. Swedbank AB now owns 261,214 shares of the aerospace company’s stock worth $63,185,000 after buying an additional 260,072 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in AeroVironment by 4,770.1% during the fourth quarter. Marshall Wace LLP now owns 260,207 shares of the aerospace company’s stock valued at $62,941,000 after purchasing an additional 254,864 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

More AeroVironment News

Here are the key news stories impacting AeroVironment this week:

AeroVironment Company Profile

(Get Free Report)

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.

Further Reading

Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.